The country of Economica's GDP deflator and nominal GDP in three different years are shown in the table.YearNominal GDPGDP Deflatoryear 1$25128122year 2$54566108year 3$30967100The base year, i.e. the base period, is Year 3. For years 1-3, please obtain the real GDP. Round your answers to the nearest dollar.What is the real GDP for year 1?real GDP: $What is the real GDP for year 2?real GDP: $What is the real GDP for year 3?real GDP: $

ountry of Economica's GDP deflator and nominal GDP in three different years are shown in the table. Year Nominal GDP GDP Deflator year 1 $25128 122 year 2 $54566 108 year 3 $30967 100 ase year, i.e. the base period, is Year 3. For years 1–3, please obtain the real GDP. Round your answers to the nearest dollar. is the real GDP for year 1? GDP: $ is the real GDP for year 2? GDP: $ is the real GDP for year 3? :DP: $

ountry of Economica's GDP deflator and nominal GDP in three different years are shown in the table. Year Nominal GDP GDP Deflator year 1 $25128 122 year 2 $54566 108 year 3 $30967 100 ase year, i.e. the base period, is Year 3. For years 1–3, please obtain the real GDP. Round your answers to the nearest dollar. is the real GDP for year 1? GDP: $ is the real GDP for year 2? GDP: $ is the real GDP for year 3? :DP: $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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