TABLE 3.8 Nominal and Real Gross domestic product, 1959-2005 [Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]; RGDP in billions of chained (2000) dollars Year NGDP RGDP 1959 506.6 2,441.3 1960 526.4 2,501.8 1961 544.7 2,560.0 1962 585.6 2,715.2 1963 617.7 2,834.0 1964 663.6 2,998.6 1965 719.1 3,191.1 1966 787.8 3,399.1 1967 832.6 3,484.6 1968 910.0 3,652.7 1969 984.6 3,765.4 1970 1,038.5 3,771.9 1971 1,127.1 3,898.6 1972 1,238.3 4,105.0 1973 1,382.7 4,341.5 1974 1,500.0 4,319.6 1975 1,638.3 4,311.2 1976 1,825.3 4,540.9 1977 2,030.9 4,750.5 1978 2,294.7 5,015.0 1979 2,563.3 5,173.4 1980 2,789.5 5,161.7 1981 3,128.4 5,291.7 1982 3,255.0 5,189.3 1983 3,536.7 5,423.8 1984 3,933.2| 5,813.6

TABLE 3.8 Nominal and Real Gross domestic product, 1959-2005 [Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]; RGDP in billions of chained (2000) dollars Year NGDP RGDP 1959 506.6 2,441.3 1960 526.4 2,501.8 1961 544.7 2,560.0 1962 585.6 2,715.2 1963 617.7 2,834.0 1964 663.6 2,998.6 1965 719.1 3,191.1 1966 787.8 3,399.1 1967 832.6 3,484.6 1968 910.0 3,652.7 1969 984.6 3,765.4 1970 1,038.5 3,771.9 1971 1,127.1 3,898.6 1972 1,238.3 4,105.0 1973 1,382.7 4,341.5 1974 1,500.0 4,319.6 1975 1,638.3 4,311.2 1976 1,825.3 4,540.9 1977 2,030.9 4,750.5 1978 2,294.7 5,015.0 1979 2,563.3 5,173.4 1980 2,789.5 5,161.7 1981 3,128.4 5,291.7 1982 3,255.0 5,189.3 1983 3,536.7 5,423.8 1984 3,933.2| 5,813.6

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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