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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