In the year 2015: • real GDP was $19,281 billion • population was 303.04 million • the level of employment was 156,584 (measured in thousands). Round answer to the nearest whole number. Real GDP per capita was equal to how much? Do not enter a dollar sign.

Q: Real GDP measures the A. total dollar value of all goods and services produced within the borders…

A: Real gross domestic product (Real GDP) is a macro economic measure of output produced in an economy.…

Q: Given the following nominal data, compute GDP. Assume net factor incomes from abroad = 0 (that is,…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: A country has nominal GDP equal to $206.53 billion in 2018. The GDP deflator in 2018 has a value of…

A: Formula Used:

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A: Real GDP is the value of final goods and services produced in the economy within a given period of…

Q: Is it possible to figure out nominal GDP and real GDP of each three years with no price or quantity…

A: Nominal GDP refers to the value of GDP which is not adjusted to inflation whereas real GDP refers to…

Q: Suppose you reside in the country of Camelot In 2001, the total population is 110,000, the number of…

A: The real income per capita in 2002 is given by = 5,702,400,000/115,500 = $149,371 The real income…

Q: Suppose that real GDP was $2265 billion in 2018 and $2285 billion in 2019. Calculate the growth rate…

A: Given:GDP in 2018=$2265GDP in 2019=$2285

Q: In 1988 the value of RGDP was $9,000.38 billion and the population was 298.32 million. What was the…

A: Real GDP is one of the significant measures of increment in income level or economic growth. It…

Q: If both the prices and the quantities of all final goods and services produced in a nation doubled…

A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…