Answered: Calculate GDP deflator from the…

Calculate GDP deflator from the following table: Year Nominal GDP Real GDP 2000 8952 8952 2001 9200 9050 2002 10,000 9500 2003 10,030 9330 2004 11,100 10,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Calculate GDP deflator from the following table:

Year	Nominal GDP	Real GDP
2000	8952	8952
2001	9200	9050
2002	10,000	9500
2003	10,030	9330
2004	11,100	10,000

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