Year Nas income. index number nominal 2000 1000 100 2001 1500 120 2002 2100 125 From the table above calculate the real national income for each vear 4
Year Nas income. index number nominal 2000 1000 100 2001 1500 120 2002 2100 125 From the table above calculate the real national income for each vear 4
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:3. The following data are known:
Year
Nas income.
index number
nominal
2000
1000
100
2001
1500
120
2002
2100
125
From the table above, calculate the real national income for each year. 4.
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