Using data from Table 19.5 how much of the nominal GDP growth from 1980 to 1990 was
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Using data from Table 19.5 how much of the nominal GDP growth from 1980 to 1990 was real GDP and how much was inflation?
Table 19.5
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Year 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 543.3 Nominal GDP (billions of dollars) 743.7 1,075.9 1,688.9 2,862.5 4,346.7 5,979.6 7,664.0 10,289.7 13,095.4 14,958.3 19.0 20.3 24.8 34.1 48.3 62.3 72.7 81.7 89.0 GDP Deflator (2005 = 100) 100.0 110.0
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From 1980 to 1990 real GDP grew by 82250 5926...View the full answer
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