Using the table below, calculate real GDP (in billions of dollars) in 2006. Round your answer to the nearest tenth. Year 2002 2003 2004 2005 2006 Nominal GDP (in billions of dollars) 8, 309.8 9,890.9 10, 302.9 10, 856.8 11, 200.8 Provide your answer below: billion GDP Deflator (2005=100) 85.3 87.6 92.4 100 108
Using the table below, calculate real GDP (in billions of dollars) in 2006. Round your answer to the nearest tenth. Year 2002 2003 2004 2005 2006 Nominal GDP (in billions of dollars) 8, 309.8 9,890.9 10, 302.9 10, 856.8 11, 200.8 Provide your answer below: billion GDP Deflator (2005=100) 85.3 87.6 92.4 100 108
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
Problem 5CQ: Why might even real GDP be a misleading index of changes in output between 1950 and 2015 in the...
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