Calculating the growth rate of gdp deflator growth rate of, Ask an Expert

Economics

Calculating the growth rate of GDP deflator, growth rate of nominal GDP and real GDP from a given two years data.

Consider the following data on US GDP

Nominal GDP GDP Deflator
Year (in billions $) (base year 1996)

2000 9,873 118
1999 9,269 113

What was the real GDP in 1999 measured in 1996 prices?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M920734

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