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Refer to the table (figures in billions). Year Nominal GDP Price Deflator Real GDP 2012 $3,405.0 87.2 2013 91.0 $4,146.2 2014 4,038.7 94.4 4,405.2 4,539.9 2015 96.9 4,539.9 4,900.4 2016 2017 103.9 2018 108.5 4,839.4 2019 5,222.2 113.1 2020 117.8 4,819.6 The nominal GDP for 2020 is O A. $4,819.6 billion. B. $4,091.3 billion. C. $5,677.5 billion. D. Uncertain without more information.

Refer to the table (figures in billions). Year Nominal GDP Price Deflator Real GDP 2012 $3,405.0 87.2 2013 91.0 $4,146.2 2014 4,038.7 94.4 4,405.2 4,539.9 2015 96.9 4,539.9 4,900.4 2016 2017 103.9 2018 108.5 4,839.4 2019 5,222.2 113.1 2020 117.8 4,819.6 The nominal GDP for 2020 is O A. $4,819.6 billion. B. $4,091.3 billion. C. $5,677.5 billion. D. Uncertain without more information.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Refer to the table (figures in billions). Year Nominal GDP Price Deflator Real GDP 2012 $3,405.0 87.2 2013 91.0 $4,146.2 2014 4,038.7 94.4 2015 96.9 4,405.2 4,539.9 4,539.9 4,900.4 2016 2017 103.9 2018 108.5 4,839.4 2019 5,222.2 113.1 2020 117.8 4,819.6 The nominal GDP for 2020 is O A. $4,819.6 billion. B. $4,091.3 billion. O C. $5,677.5 billion. D. Uncertain without more information.
Transcribed Image Text:Refer to the table (figures in billions). Year Nominal GDP Price Deflator Real GDP 2012 $3,405.0 87.2 2013 91.0 $4,146.2 2014 4,038.7 94.4 2015 96.9 4,405.2 4,539.9 4,539.9 4,900.4 2016 2017 103.9 2018 108.5 4,839.4 2019 5,222.2 113.1 2020 117.8 4,819.6 The nominal GDP for 2020 is O A. $4,819.6 billion. B. $4,091.3 billion. O C. $5,677.5 billion. D. Uncertain without more information.
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