Question: 6 . Consider the following data on U . S . GDP: Nominal GDP GDP Deflator Year ( in billions of dollars ) ( base
Consider the following data on US GDP: Nominal GDP GDP Deflator Year in billions of dollarsbase year a What was the growth rate of nominal GDP between and Note: The growth rate is the percentage change from one period b What was the growth rate of the GDP deflator between and c What was real GDP in measured in prices? The second question continues d What was real GDP in measured in prices? e What was the growth rate of real GDP between and f Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP
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