Explore BrainMass
Share

Explore BrainMass

    Real GDP rose by what percent?

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Show calculation and explain answer

    Suppose nominal GDP in 2005 was $14 trillion and in 2006 it was $15 trillion. The general price index in 2005 was 100 and in 2006 it was 103. Between 2005 and 2006 real GDP rose by what percent?

    © BrainMass Inc. brainmass.com October 10, 2019, 1:44 am ad1c9bdddf
    https://brainmass.com/economics/macroeconomics/real-gdp-rose-percent-346962

    Solution Summary

    The expert examines the nominal GDP and the general price index.

    $2.19