Calculate nominal gdp in 2006 and in 2007 and the, Ask an Expert

Economics

The GPD price index in the United States in 2006 was about 103, and real GDP in 2006 was $12.7 trillion (2005 dollars).

The GPD price index in the united states in 2007 was about 106, and real GDP in 2007 was $13.0 trillion (2005 dollars).

Calculate nominal GDP in 2006 and in 2007 and the percentage increase in nominal GDP between 2006 and 2007.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9449410

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