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)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please correct my answer

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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