Social Studies, 22.07.2021 08:10 supersiblings03

Ork Measuring Domestic Output and National L... Saved
The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP. Indicate in
each calculation whether you are inflating or deflating the nominal GDP data.
Instructions: Enter your responses in the gray-shaded cells. Round your answers to 2 decimal places.
Year
Real GDP, Billions
Effect on Nominal GDP
Price Index
(2005-100)
424
68.98
1978
1988
nd
Nominal GDP.
Billions
$2,308.80
5,115.40
8,808 50
14.456.40
20,507.10
87 51
1998
2008
2018
110.48
130.09
ces

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Ork Measuring Domestic Output and National L... Saved
The following table shows nominal GDP a...

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