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23 Aug 2019
How do you find the nominal GDP?
How do you find the nominal GDP?
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Sixta KovacekLv2
23 Aug 2019
Related textbook solutions
Related questions
Complete the table below. Which of the values you calculated is the best measure of economic wellbeing? Explain. (Hint: % change = ((new value/original value) - 1)x 100: (9)
Year |
Nominal GDP |
Price Index |
Population |
Real GDP |
Nominal GDP Per Capita |
Real GDP Per Capita |
2010 |
$32 billion |
100 |
2,000,000 |
|||
2011 |
$35 billion |
104 |
2,050,000 |
2011 Nominal GDP Growth Rate |
2011 Real GDP Growth Rate |
2011 Nominal GDP per Capita Growth Rate |
2011 Real GDP per Capita Growth Rate |