The accompanying table shows dala for real and numinal GDP ior a hyputhelical economy over several years. Real GIP Nominal GDP (hillinns of 2013 S) 804.0 . Calculate the GOP Deflstor for 2014 2019 Enter the values in the accompanying table. GDP Deflator Year 2014 (billions of S) 775.) 2015 0141 8366 2016 2017 901.5 8825 2018 951.3 9257 2019 990 0 950 2 (Enter your ranponnen unded to one decma pane
The accompanying table shows dala for real and numinal GDP ior a hyputhelical economy over several years. Real GIP Nominal GDP (hillinns of 2013 S) 804.0 . Calculate the GOP Deflstor for 2014 2019 Enter the values in the accompanying table. GDP Deflator Year 2014 (billions of S) 775.) 2015 0141 8366 2016 2017 901.5 8825 2018 951.3 9257 2019 990 0 950 2 (Enter your ranponnen unded to one decma pane
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
Problem 6CQ
Related questions
Question
![The accompanying table shows data for real and nominal GDP for a hypothelical eoonomy uver several years.
a. Calculate the GDP Deflator for 2014 2019. Enter the values in the accompanying table.
Raal GIP
Nominal GDP (hillions of
2013 $)
GDP
Deflator
Year
(billions of $)
2014
775.3
804.8
2015
014.1
2016
862 9
262 9
2017
901.5
8825
2018
951.3
925.7
2019
990.0
950 2
(Entar yaur raspansas ounded to one decmal piace](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F34fcddde-42b7-421a-8888-5278593c66ed%2F2bf29150-7ba1-4ea8-850c-5f01377b8548%2Fyzmsq3n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The accompanying table shows data for real and nominal GDP for a hypothelical eoonomy uver several years.
a. Calculate the GDP Deflator for 2014 2019. Enter the values in the accompanying table.
Raal GIP
Nominal GDP (hillions of
2013 $)
GDP
Deflator
Year
(billions of $)
2014
775.3
804.8
2015
014.1
2016
862 9
262 9
2017
901.5
8825
2018
951.3
925.7
2019
990.0
950 2
(Entar yaur raspansas ounded to one decmal piace
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