Take the following data table and calculate the Real Value when the Base value is set at
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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. 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 |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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