The following table contains data on the fictional country of Penguinia. Presented are the country's nominal GDP, real GDP, and the GDP chain price index for various years. The base year for the chain price index is 2011. Using the data in the table, fill in the blank cells with the correct values. Year Nominal GDP Real GDP GDP Chain Price Index 2014 $8,766 $6,871 127.58 2017 $8,699      119.08 2020 $9,203 $7,926        From 2014 to 2017, nominal GDP  ________  by __________ , while real GDP _______  by  ___________ .

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The following table contains data on the fictional country of Penguinia. Presented are the country's nominal GDP, real GDP, and the GDP chain price index for various years. The base year for the chain price index is 2011.
Using the data in the table, fill in the blank cells with the correct values.
Year
Nominal GDP
Real GDP
GDP Chain Price Index
2014 $8,766 $6,871 127.58
2017 $8,699      119.08
2020 $9,203 $7,926     
 
From 2014 to 2017, nominal GDP  ________  by __________ , while real GDP _______  by  ___________ .
6. The GDP Chain Price Index
The following table contains data on the fictional country of Penguinia. Presented are the country's nominal GDP, real GDP, and the GDP chain price
index for various years. The base year for the chain price index is 2011.
Using the data in the table, fill in the blank cells with the correct values.
Year Nominal GDP
2014
2017
2020
$8,766
$8,699
$9,203
Real GDP
$6,871
$7,926
From 2014 to 2017, nominal GDP
GDP Chain Price Index
127.58
119.08
by
while real GDP
by
Transcribed Image Text:6. The GDP Chain Price Index The following table contains data on the fictional country of Penguinia. Presented are the country's nominal GDP, real GDP, and the GDP chain price index for various years. The base year for the chain price index is 2011. Using the data in the table, fill in the blank cells with the correct values. Year Nominal GDP 2014 2017 2020 $8,766 $8,699 $9,203 Real GDP $6,871 $7,926 From 2014 to 2017, nominal GDP GDP Chain Price Index 127.58 119.08 by while real GDP by
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