Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 21, Problem 3.6P

Subpart (a):

To determine

To calculate the nominal GDP for 2015.

Subpart (b):

To determine

To calculate the real GDP for 2013, 2014, and 2015 using 2013 as the base year and also the growth rate of real GDP.

Subpart (c):

To determine

To calculate the real GDP for 2013, 2014, and 2015 using 2014 as the base year and also the growth rate of real GDP.

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