Calculate the Real GDP for the table found helow: Nominal/ Current GDP in billions Year CPI or GDP Population in billions Per Capital Real GDP Price GDP Deflator/ Inflator 2000 10.2 168 282 2001 10.6 175 285 2002 10.9 177 287 2003 11.5 181 290 2004 12.2 185 292 2005 13 190 295 198 298 2006 13.8
Calculate the Real GDP for the table found helow: Nominal/ Current GDP in billions Year CPI or GDP Population in billions Per Capital Real GDP Price GDP Deflator/ Inflator 2000 10.2 168 282 2001 10.6 175 285 2002 10.9 177 287 2003 11.5 181 290 2004 12.2 185 292 2005 13 190 295 198 298 2006 13.8
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:yla curi
8/20/21
Part IV. Real GDP
Calculate the Real GDP for the table found below:
Nominal/
Current GDP
Year
CPI or GDP
Population
in billions
Per Capital
Real GDP
Price
GDP
in billions
Deflator/
Inflator
2000
10.2
168
282
2001
10.6
175
285
2002
10.9
177
287
2003
11.5
181
290
2004
12.2
185
292
2005
13
190
295
2006
13.8
198
298
Part V. US relative to the World
Create a bar graph comparing the GDPS of the three largest economies in the world
GDP (USS in millions)
Rank
Country
19.390,600
United States
12.014,610
China
4,872,135
Japan
20
15
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