In 2010, the nominal GDP of some country was 35G$. In 2020, the GDP of that country was 52G$. Supposing that the price level rose by 28% during that period, what is the real GDP in 2020, expressed in 2010 dollars? (Express your answer in G$) Answer: 72.2 x (41)
In 2010, the nominal GDP of some country was 35G$. In 2020, the GDP of that country was 52G$. Supposing that the price level rose by 28% during that period, what is the real GDP in 2020, expressed in 2010 dollars? (Express your answer in G$) Answer: 72.2 x (41)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section7.2: The Expenditure Approach To Computing Gdp For A Real World Economy
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![In 2010, the nominal GDP of some country was 35G$. In 2020, the GDP of that country was 52G$. Supposing that the price level rose
by 28% during that period, what is the real GDP in 2020, expressed in 2010 dollars? (Express your answer in G$)
Answer:
72.2 x (41)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a804092-b333-4642-9452-8c11a88f3e1e%2F37438b28-b442-46ca-a401-e000ee004ee6%2Ffi0x20g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In 2010, the nominal GDP of some country was 35G$. In 2020, the GDP of that country was 52G$. Supposing that the price level rose
by 28% during that period, what is the real GDP in 2020, expressed in 2010 dollars? (Express your answer in G$)
Answer:
72.2 x (41)
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