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Real-Time Data Analysis Exercise Use the data in the following table to calculate the GDP deflator for each year (values are in billions of dollars, enter your response rounded to two decimal places -- remember to multiply by 100). Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). Year 2019 Nominal GDP $21,521 Real GDP GDP Deflator $20,692 2020 21,323 20,234 2021 23,594 21,408 2022 25,744 21,822 2023 27,361 22,377 Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).

Real-Time Data Analysis Exercise Use the data in the following table to calculate the GDP deflator for each year (values are in billions of dollars, enter your response rounded to two decimal places -- remember to multiply by 100). Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). Year 2019 Nominal GDP $21,521 Real GDP GDP Deflator $20,692 2020 21,323 20,234 2021 23,594 21,408 2022 25,744 21,822 2023 27,361 22,377 Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Real-Time Data Analysis Exercise Use the data in the following table to calculate the GDP deflator for each year (values are in billions of dollars, enter your response rounded to two decimal places -- remember to multiply by 100). Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). Year 2019 Nominal GDP $21,521 Real GDP GDP Deflator $20,692 2020 21,323 20,234 2021 23,594 21,408 2022 25,744 21,822 2023 27,361 22,377 Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).
Transcribed Image Text:Real-Time Data Analysis Exercise Use the data in the following table to calculate the GDP deflator for each year (values are in billions of dollars, enter your response rounded to two decimal places -- remember to multiply by 100). Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). Year 2019 Nominal GDP $21,521 Real GDP GDP Deflator $20,692 2020 21,323 20,234 2021 23,594 21,408 2022 25,744 21,822 2023 27,361 22,377 Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).
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