Expenditure Component of GDP and Nominal vs. Real GDP
|
GDP Data
|
|
|
|
|
|
|
Year
|
Nominal GDP
|
GDP Deflator
|
Year
|
Nominal GDP
|
GDP Deflator
|
|
1969
|
$ 984.40
|
23.130
|
1991
|
$ 5,992.10
|
74.826
|
|
1970
|
$ 1,038.30
|
24.349
|
1992
|
$ 6,342.30
|
76.602
|
|
1971
|
$ 1,126.80
|
25.567
|
1993
|
$ 6,667.40
|
78.288
|
|
1972
|
$ 1,237.90
|
26.670
|
1994
|
$ 7,085.20
|
79.935
|
|
1973
|
$ 1,382.30
|
28.148
|
1995
|
$ 7,414.70
|
81.602
|
|
1974
|
$ 1,499.50
|
30.695
|
1996
|
$ 7,838.50
|
83.154
|
|
1975
|
$ 1,637.70
|
33.606
|
1997
|
$ 8,332.40
|
84.627
|
|
1976
|
$ 1,824.60
|
35.535
|
1998
|
$ 8,793.50
|
85.580
|
|
1977
|
$ 2,030.10
|
37.796
|
1999
|
$ 9,353.50
|
86.840
|
|
1978
|
$ 2,293.80
|
40.447
|
2000
|
$ 9,951.50
|
88.724
|
|
1979
|
$ 2,562.20
|
43.811
|
2001
|
$10,286.20
|
90.731
|
|
1980
|
$ 2,788.10
|
47.817
|
2002
|
$10,642.30
|
92.192
|
|
1981
|
$ 3,126.80
|
52.326
|
2003
|
$11,142.20
|
94.134
|
|
1982
|
$ 3,253.20
|
55.514
|
2004
|
$11,853.30
|
96.784
|
|
1983
|
$ 3,534.60
|
57.705
|
2005
|
$12,623.00
|
100.000
|
|
1984
|
$ 3,930.90
|
59.874
|
2006
|
$13,377.20
|
103.237
|
|
1985
|
$ 4,217.50
|
61.686
|
2007
|
$14,028.70
|
106.231
|
|
1986
|
$ 4,460.10
|
63.057
|
2008
|
$14,291.50
|
108.565
|
|
1987
|
$ 4,736.40
|
64.818
|
2009
|
$13,973.70
|
109.532
|
|
1988
|
$ 5,100.40
|
67.047
|
2010
|
$14,498.90
|
111.002
|
|
1989
|
$ 5,482.10
|
69.579
|
2011
|
$15,075.70
|
113.369
|
|
1990
|
$ 5,800.50
|
72.274
|
2012
|
$15,684.80
|
115.388
|
1. Show nominal GDP, the GDP price index for the data above for any 10 years; make sure that one of the years is the base year. Put both real and nominal GDP I the same graph.
2. Calculate the rate of growth of real GDP and show in the table below and draw the graph