Question: Homework: ASSESS Chapter 8 Homework Question 19, Text Proble > HW Score: 73 08%, 19 of 26 points Points: 0 of 1 Real-Time Data Analysis

Homework: ASSESS Chapter 8 Homework Question 19, Text Proble > HW Score: 73 08%, 19 of 26 points Points: 0 of 1 Real-Time Data Analysis Exercise" Consider the following data for the United States Nominal GDP Real GDP (billions of dollars Price Index (billions of dollars per year Date per year (base year 2010) in constant 2009 dollars) 2018 20 527 105.38 18 607 2019 21.373 107 26 19.033 2020 20.894 108 56 18 385 "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis, Assuming the base year is now 2020, complete the following (enter your responses rounded to one decimal place) a, Recalculate the price index for years 2018, 2019 and 2020 b. Recalculate the real GDP for the years 2018, 2019, 2020 Real GDP Price Index Year (billions of dollars per year (base year 2020) in constant 2020 dollars) 2018 2019 2020

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