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

Problem 2ST

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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)

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