The table below shows nominal and real GDP figures for a hypothetical economy, Nebula. Nominal GDP (current $ billion) Year 2017 2018 2019 2020 2021 GDP Deflator 91.691 966.9 BUSCIRE 98.923 1,337.1 ALLERAN 1.355.0 110.187 1,567.8 Real GDP (2019 $ billions) HI 900.8 1,300.0 UR Fill in the table, writing out billions of dollars to the first decimal eg $10 billion and the GDP deflator to three decimal places eg 100.000
The table below shows nominal and real GDP figures for a hypothetical economy, Nebula. Nominal GDP (current $ billion) Year 2017 2018 2019 2020 2021 GDP Deflator 91.691 966.9 BUSCIRE 98.923 1,337.1 ALLERAN 1.355.0 110.187 1,567.8 Real GDP (2019 $ billions) HI 900.8 1,300.0 UR Fill in the table, writing out billions of dollars to the first decimal eg $10 billion and the GDP deflator to three decimal places eg 100.000
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 7PA
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![Problem 9-4 (algo)
The table below shows nominal and real GDP figures for a hypothetical economy, Nebula.
Nominal GDP
(current $ billion)
Year
2017
2018
2419
2020
2021
968.9
1,137.1
1,355.0
1,567.5
GOP Deflator
91.691
98.923
110.187
Real GDP
(2019 5 billions)
900.8
THE SHIE FREITA
1,300.0
Fill in the table, writing out billions of dollars to the first decimal eg. $10 billion and the GDP deflator to three decimal places eg
100,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcedcc193-8d21-4752-897e-24e941906088%2Fd083d665-e267-497f-952c-f9d71064464a%2Fd4eb7va_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 9-4 (algo)
The table below shows nominal and real GDP figures for a hypothetical economy, Nebula.
Nominal GDP
(current $ billion)
Year
2017
2018
2419
2020
2021
968.9
1,137.1
1,355.0
1,567.5
GOP Deflator
91.691
98.923
110.187
Real GDP
(2019 5 billions)
900.8
THE SHIE FREITA
1,300.0
Fill in the table, writing out billions of dollars to the first decimal eg. $10 billion and the GDP deflator to three decimal places eg
100,000.
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