Computation of Nominal and Real GDP
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Nominal GDP increased from roughly $10 trillion in 2000 to $14 trillion in 2009. In the same period the GDP price index rose from 90 to 110. By how much did real GDP increase?
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Solution assists in computing Nominal and Real GDP.
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Nominal GDP increased from roughly $10 trillion in 2000 to $14 trillion in 2009. In the same period the GDP ...
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