The table below shows national data for the economy of Westfall. Round your intermediate calculations to one decimal place. Enter your responses rounded to one decimal place with the exception of Real GDP per capita that can be entered as a whole number. a. Fill in the blanks in the table below. Nominal GDP (in billions) GDP deflator (2010 = 100) Real GDP (in billions) Population (in millions) Real GDP per capital b. The inflation rate in 2019 is c. The growth rate of real GDP per capita in the year 2020 is 1%. $ $ 2018 $725 114 39 %. 2019 $818 $676 $17,264 $ $ 2020 124 40 $17,993
The table below shows national data for the economy of Westfall. Round your intermediate calculations to one decimal place. Enter your responses rounded to one decimal place with the exception of Real GDP per capita that can be entered as a whole number. a. Fill in the blanks in the table below. Nominal GDP (in billions) GDP deflator (2010 = 100) Real GDP (in billions) Population (in millions) Real GDP per capital b. The inflation rate in 2019 is c. The growth rate of real GDP per capita in the year 2020 is 1%. $ $ 2018 $725 114 39 %. 2019 $818 $676 $17,264 $ $ 2020 124 40 $17,993
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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