Consider the price index attached. What are the values for A, B, and C? Was there inflation from 2006 to 2009? If the price changes above occurred for all goods across the economy during the four year period, explain how nominal GDP and real GDP would differ.© BrainMass Inc. brainmass.com October 10, 2019, 1:43 am ad1c9bdddf
2007 Base year price = Current year price/Price index
GDP and real GDP differences are explained.