Question: 11. Fill in the following table using the information in the table to construct real GDP for the following years, in 2000 prices. (Don't look
11. Fill in the following table using the information in the table to construct real GDP for the following years, in 2000 prices. (Don't look these up)
| Year | Nominal GDP | GDP Deflator | Real GDP | Annual growth | ||
| 1998 | 8,747 billion | .964 | _________ | |||
| 1999 | 9,268 billion | 9,470 billion | ||||
| 2000 | 9,817 billion | |||||
| 2001 | 10,128 billion | 1.024 | ||||
| 2002 | 10,487 billion | 10,075 billion | ||||
| 2003 | 11,004 billion | 1.060 | ||||
| 2004 | 11,734 billion | 1.082 | 10,841 billion | 4.4% | ||
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
