GDP increases from $3,000 in 2009 to $3,500 in 2010. However, the deflator in 2010 was 120%;

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GDP increases from $3,000 in 2009 to $3,500 in 2010. However, the deflator in 2010 was 120%; calculate the real GDP in 2010?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Posted Date: Nov 27, 2018 02:48 AM

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GDP increases from $3,000 in 2009 to $3,500 in 2010. However, the deflator in 2010 was 120%;

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