Question: Take the following data table and calculate the Real Value when the Base value is set at 2009. Please show your work for partial credit.

  1. Take the following data table and calculate the Real Value when the Base value is set at 2009. Please show your work for partial credit. Note: Use 4 Digit Decimal Precision When Re-Indexing CPI.
Year Nominal GDP CPI-Core Real GDP
2008 13,999 217.5
2009 14,400 219.5
2010 15,000 221.0
2011 15,500 225.5
2012 16,000 229.0
2013 17,000 235.5

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