Calculate the real GDP for the following years for the Australian economy, given data for nominal GDP and the GDP deflator (2001 is the base year) NOMINAL GDP REAL GDP GDP S BILLIONS) (S BILLIONS) DEFLATOR 2000 2001 2002 2003 $4 268 6 4,539 9 4,900 4 5,250 8 4405 2 96 9 100 0 103 9 108 5 4839 4...

Nominal GDP Billions Real GD ...

Calculate the real GDP for the following years for the Australian economy, given data for nominal GDP

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Calculate the real GDP for the following years for the Australian economy, given data for nominal GDP and the GDP deflator (2001 is the base year).

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Calculate the real GDP for the following years for the Australian economy, given data for nominal GDP

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NOMINAL GDP REAL GDP GDP S BILLIONS) (S BILLIONS) DEFLATOR 2000 2001 2002 2003 $4 268.6 4,539.9 4,900.4 5,250.8 4405.2 96.9 100.0 103.9 108.5 4839.4

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