The following table gives nominal GDP and the price index for two years. Find real GDP in each year, and fill in the table. (Round your answers to two decimal places.) Nominal GDP 9,900 11,385 The growth rate of real GDP between 2010 and 2011 was%. (Round your answer to two decimal places.) Year 2010 2011 Price index 120 128 Real GDP
The following table gives nominal GDP and the price index for two years. Find real GDP in each year, and fill in the table. (Round your answers to two decimal places.) Nominal GDP 9,900 11,385 The growth rate of real GDP between 2010 and 2011 was%. (Round your answer to two decimal places.) Year 2010 2011 Price index 120 128 Real GDP
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 7PA
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