Question: Question 325 Points Question 3 Use the table to answer the question. Nominal GDP GDP Deflator Population Year 1 $4000 100 500 Year 2 4500
Question 325 Points Question 3
Use the table to answer the question.
Nominal GDP | GDP Deflator | Population | |
Year 1 | $4000 | 100 | 500 |
Year 2 | 4500 | 110 | 525 |
Year 3 | 4750 | 115 | 600 |
What is the Real GDP for Year 3?
Make sure to divide GDP Deflator by 100.
Round response to nearest whole number. Do not inlcude a comma in your response.
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