If nominal GDP increased by $8\%$ from $1963$ to $1964,$ what was nominal GDP in $1964?$ Round your answer to the nearest hundredth.

Year Nominal GDP $($in billions$)$

$1960$ $$540$

$1961$ $$561$

$1962$ $$606$

$1963$ $$639$

$1964?$

$1965?$

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Answer rating: 100% (QA)

To find the nominal GDP for 1964 we need to calculate an 8 increase from the n... View the full answer