Using the table below, calculate real GDP (in billions of dollars) in 2006. Round your answer to the nearest tenth. Year 2002 2003 2004 2005 2006 Provide your answer below: Nominal GDP (in billions of dollars) 8, 309.8 9,890.9 10, 302.9 10, 856.8 11, 200.8 GDP Deflator (2005=100) 83.3 87.6 94.5 100 106

Using the table below, calculate real GDP (in billions of dollars) in 2006. Round your answer to the nearest tenth. Year 2002 2003 2004 2005 2006 Provide your answer below: Nominal GDP (in billions of dollars) 8, 309.8 9,890.9 10, 302.9 10, 856.8 11, 200.8 GDP Deflator (2005=100) 83.3 87.6 94.5 100 106

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 4SQ

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RGDP RGDP Deflator Deflator Deflator Deflator 2018 2019 2018 2019 2020 2021 Base Year 2018 760 551 100 135 110 38 Base Year 2019 860 632 120 100 98 123 Base Year 2020 960 716 90 45 100 127 Base Year 2021 720 521 75 55 154 96 100 The nominal GDP for 2019 is Use 2018 as the base year. **Do not add the percent sign in your answer, just put the number. Round your answer to 2 decimal places. For example, if you get 56.6666 round to 56.67***
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