Consider the table below. Year CPI CPI Inflation Real GDP Nominal GDP GDP Deflator GDP Inflation 2005 92.65 x 4159.10 3833.00 92.1593614 x 2006 100.00 a 4409.10 d 100.00 8.51 2007 b 11.05 5281.47 6098.33 115.47 e 2008 122.59 c f 7740.73 129.37 12.04 Based on the values of the table, what is the correct value for c ? (Please round your answer to include 2 decimal places
Consider the table below. Year CPI CPI Inflation Real GDP Nominal GDP GDP Deflator GDP Inflation 2005 92.65 x 4159.10 3833.00 92.1593614 x 2006 100.00 a 4409.10 d 100.00 8.51 2007 b 11.05 5281.47 6098.33 115.47 e 2008 122.59 c f 7740.73 129.37 12.04 Based on the values of the table, what is the correct value for c ? (Please round your answer to include 2 decimal places
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Consider the table below.
Year |
|
CPI Inflation |
Real |
Nominal GDP |
GDP Deflator |
GDP Inflation |
2005 |
92.65 |
x |
4159.10 |
3833.00 |
92.1593614 |
x |
2006 |
100.00 |
a |
4409.10 |
d |
100.00 |
8.51 |
2007 |
b |
11.05 |
5281.47 |
6098.33 |
115.47 |
e |
2008 |
122.59 |
c |
f |
7740.73 |
129.37 |
12.04 |
Based on the values of the table, what is the correct value for c ? (Please round your answer to include 2 decimal places)
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