Real GDP Nominal GDP GDP Deflator (in 2000 (in current (base year Year dollars) dollars) 2000) 1970 3,000 1,200 1980 5,000 60 1990 6,000 100 2000 8.000 2010 15.000 200 2020 10,000 300 2030 20,000 50,000
Real GDP Nominal GDP GDP Deflator (in 2000 (in current (base year Year dollars) dollars) 2000) 1970 3,000 1,200 1980 5,000 60 1990 6,000 100 2000 8.000 2010 15.000 200 2020 10,000 300 2030 20,000 50,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
fill in thl' hl:mk~ |
![Real GDP
Nominal GDP
GDP Deflator
(in 2000
(in current
(base year
Year
dollars)
dollars)
2000)
1970
3,000
1,200
1980
5,000
60
1990
6,000
100
2000
8.000
2010
15.000
200
2020
10,000
300
2030
20,000
50,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1672f634-02fc-42dd-977d-79d5a3dec7e7%2F9292667c-ed05-4af7-8c9e-aa8378c5c171%2Fu2qdkae_processed.png&w=3840&q=75)
Transcribed Image Text:Real GDP
Nominal GDP
GDP Deflator
(in 2000
(in current
(base year
Year
dollars)
dollars)
2000)
1970
3,000
1,200
1980
5,000
60
1990
6,000
100
2000
8.000
2010
15.000
200
2020
10,000
300
2030
20,000
50,000
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