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    Calculating GDP and Summary

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    Gross Domestic Product (example problem)

    Nominal Real GDP Per Capita
    GDP GDP Deflator Inflation Real GDP Population
    Year ($Billions) ($Billions) (1982 = 100) Rate (1982 $) (Millions)

    1980 2,952.8 _____ 90.01 9.5 % _____ 239.2

    1981 _____ 3,513.0 _____ 9.6 % _____ 253.1

    Required:

    Calculate Nominal GDP, Real GDP, the GDP Deflator, and Per Capita GDP where indicated.

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    https://brainmass.com/economics/principles-of-mathematical-economics/calculating-gdp-summary-14621

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    Gross Domestic Product (example problem)

    Nominal Real GDP Per Capita
    GDP GDP Deflator Inflation Real GDP Population
    Year ($Billions) ($Billions) (1982 = 100) Rate (1982 $) ...

    Solution Summary

    Calculating GDP is shown in a problem.

    $2.49

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