The GDP price index in the United States in 2014 was about 104, and real GDP in
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The GDP price index in the United States in 2014 was about 104, and real GDP in 2014 was $16.2 trillion (2012 dollars). The GDP price index in 2019 was about 112, and real GDP in 2019 was $19 trillion (2012 dollars).
Calculate nominal GDP in 2014 and in 2019 and the percentage increase in nominal GDP between 2014 and 2019.
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Nominal GDP in 2014 equals 162 trillion 104 100 whic...View the full answer
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