If the nominal gross domestic product (GDP) for a year is $5.4 trillion, and the real gross domestic product (GDP) for the same year is $3.6 trillion, the GDP price index is
If the nominal gross domestic product (GDP) for a year is $5.4 trillion, and the real gross domestic product (GDP) for the same year is $3.6 trillion, the GDP price index is
Survey of Economics (MindTap Course List)
9th Edition
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Irvin B. Tucker
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 13SQ
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![If the nominal gross domestic product (GDP) for
a year is $5.4 trillion, and the real gross
domestic product (GDP) for the same year is
$3.6 trillion, the GDP price index is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d123411-1b0e-4071-9684-bd87999f7b87%2F70a39fb0-1648-4562-88cf-e13124589131%2F6gcni4gi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If the nominal gross domestic product (GDP) for
a year is $5.4 trillion, and the real gross
domestic product (GDP) for the same year is
$3.6 trillion, the GDP price index is
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