Real GDP Nominal GDP x 100 Price Index Year Nominal GDP Price Index Real GDP 2011 5,000 125 4,000 2012 6,000 150 4,000 Using the above data Why do we need to convert Real GDP from Nominal GDP ...

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Real GDP = Nominal GDP x 100 Price Index Year Nominal GDP Price Index Real GDP? 2011

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Real GDP = Nominal GDP x 100

Price Index

Year	Nominal GDP	Price Index	Real GDP?
2011	5,000	125	4,000
2012	6,000	150	4,000

Using the above data: Why do we need to convert Real GDP from Nominal GDP?

Related Book For answer-question

Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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Posted Date: Feb 06, 2021 12:16 AM

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Real GDP = Nominal GDP x 100 Price Index Year Nominal GDP Price Index Real GDP? 2011

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Managerial accounting

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