Calculate nominal GDP in 2008 and in 2013 and the percentage increase in nominal GDP between 2008
Question:
Calculate nominal GDP in 2008 and in 2013 and the percentage increase in nominal GDP between 2008 and 2013.
The GDP price index in the United States in 2008 was about 99, and real GDP in 2008 was $14.8 trillion (2009 dollars). The GDP price index in 2013 was about 107, and real GDP in 2013 was $15.5 trillion (2009 dollars).
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Nominal GDP in 2008 equals 148 trillion x 99 100 whic...View the full answer
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