Illustrate what is the real gdp in every yr given which the, Ask an Expert

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Q. If the nominal GDP is $559 billion in the base yr also it rises to 577 in Yr 1 also 605 in Yr 2, illustrate what is the real GDP in every yr, given which the price index has risen from 100 to 104.5 in the 1st yr also up to 108.3 in the 2nd yr?

If the price index 20 yrs before the base yr was 41.2 also the nominal GDP for 20 yrs before the base yr was 191.0, illustrate what was the real GDP for which yr? Demonstrate your work in all cases.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9219658

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