Question: Use the inflation index distributed in class to convert the following nominal series to a constant real series measured in vear 2022 purchasing power units.

Use the inflation index distributed in class to convert the following nominal series to a constant real series measured in vear 2022 purchasing power units. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline yr & gdpx & yr & gdpx & yr & gdpx & yr & gdpx \\ \hline 1930 & 8.457 & 1960 & 15.495 & 1990 & 59.305 & 2020 & 105.381 \\ \hline 1931 & 7.587 & 1961 & 15.660 & 1991 & 61.310 & 2021 & 110.213 \\ \hline 1932 & 6.700 & 1962 & 15.850 & 1992 & 62.707 & 2022 & 117.973 \\ \hline 1933 & 6.514 & 1963 & 16.032 & 1993 & 64.194 & & \\ \hline 1934 & 6.871 & 1964 & 16.276 & 1994 & 65.564 & & \\ \hline 1935 & 7.012 & 1965 & 16.574 & 1995 & 66.939 & & \\ \hline 1936 & 7.097 & 1966 & 17.039 & 1996 & 68.164 & & \\ \hline 1937 & 7.402 & 1967 & 17.533 & 1997 & 69.340 & & \\ \hline 1938 & 7.190 & 1968 & 18.280 & 1998 & 70.119 & & \\ \hline 1939 & 7.120 & 1969 & 19.176 & 1999 & 71.111 & & \\ \hline 1940 & 7.205 & 1970 & 20.189 & 2000 & 72.722 & & \\ \hline 1941 & 7.692 & 1971 & 21.212 & 2001 & 74.360 & & \\ \hline 1942 & 8.304 & 1972 & 22.130 & 2002 & 75.515 & & \\ \hline 1943 & 8.683 & 1973 & 23.342 & 2003 & 77.006 & & \\ \hline 1944 & 8.890 & 1974 & 25.443 & 2004 & 79.077 & & \\ \hline 1945 & 9.120 & 1975 & 27.800 & 2005 & 81.556 & & \\ \hline 1946 & 10.296 & 1976 & 29.330 & 2006 & 84.071 & & \\ \hline 1947 & 11.426 & 1977 & 31.152 & 2007 & 86.349 & & \\ \hline 1948 & 12.067 & 1978 & 33.343 & 2008 & 88.013 & & \\ \hline 1949 & 12.046 & 1979 & 36.110 & 2009 & 88.556 & & \\ \hline 1950 & 12.195 & 1980 & 39.371 & 2010 & 89.632 & & \\ \hline 1951 & 13.060 & 1981 & 43.097 & 2011 & 91.481 & & \\ \hline 1952 & 13.286 & 1982 & 45.759 & 2012 & 93.185 & & \\ \hline 1953 & 13.447 & 1983 & 47.552 & 2013 & 94.771 & & \\ \hline 1954 & 13.572 & 1984 & 49.267 & 2014 & 96.421 & & \\ \hline 1955 & 13.801 & 1985 & 50.826 & 2015 & 97.316 & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline yr & gdpx & yr & gdpx & yr & gdpx & yr & gdpx \\ \hline 1930 & 8.457 & 1960 & 15.495 & 1990 & 59.305 & 2020 & 105.381 \\ \hline 1931 & 7.587 & 1961 & 15.660 & 1991 & 61.310 & 2021 & 110.213 \\ \hline 1932 & 6.700 & 1962 & 15.850 & 1992 & 62.707 & 2022 & 117.973 \\ \hline 1933 & 6.514 & 1963 & 16.032 & 1993 & 64.194 & & \\ \hline 1934 & 6.871 & 1964 & 16.276 & 1994 & 65.564 & & \\ \hline 1935 & 7.012 & 1965 & 16.574 & 1995 & 66.939 & & \\ \hline 1936 & 7.097 & 1966 & 17.039 & 1996 & 68.164 & & \\ \hline 1937 & 7.402 & 1967 & 17.533 & 1997 & 69.340 & & \\ \hline 1938 & 7.190 & 1968 & 18.280 & 1998 & 70.119 & & \\ \hline 1939 & 7.120 & 1969 & 19.176 & 1999 & 71.111 & & \\ \hline 1940 & 7.205 & 1970 & 20.189 & 2000 & 72.722 & & \\ \hline 1941 & 7.692 & 1971 & 21.212 & 2001 & 74.360 & & \\ \hline 1942 & 8.304 & 1972 & 22.130 & 2002 & 75.515 & & \\ \hline 1943 & 8.683 & 1973 & 23.342 & 2003 & 77.006 & & \\ \hline 1944 & 8.890 & 1974 & 25.443 & 2004 & 79.077 & & \\ \hline 1945 & 9.120 & 1975 & 27.800 & 2005 & 81.556 & & \\ \hline 1946 & 10.296 & 1976 & 29.330 & 2006 & 84.071 & & \\ \hline 1947 & 11.426 & 1977 & 31.152 & 2007 & 86.349 & & \\ \hline 1948 & 12.067 & 1978 & 33.343 & 2008 & 88.013 & & \\ \hline 1949 & 12.046 & 1979 & 36.110 & 2009 & 88.556 & & \\ \hline 1950 & 12.195 & 1980 & 39.371 & 2010 & 89.632 & & \\ \hline 1951 & 13.060 & 1981 & 43.097 & 2011 & 91.481 & & \\ \hline \end{tabular} Use the inflation index distributed in class to convert the following nominal series to a constant real series measured in vear 2022 purchasing power units. Use the inflation index distributed in class to convert the following nominal series to a constant real series measured in vear 2022 purchasing power units. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline yr & gdpx & yr & gdpx & yr & gdpx & yr & gdpx \\ \hline 1930 & 8.457 & 1960 & 15.495 & 1990 & 59.305 & 2020 & 105.381 \\ \hline 1931 & 7.587 & 1961 & 15.660 & 1991 & 61.310 & 2021 & 110.213 \\ \hline 1932 & 6.700 & 1962 & 15.850 & 1992 & 62.707 & 2022 & 117.973 \\ \hline 1933 & 6.514 & 1963 & 16.032 & 1993 & 64.194 & & \\ \hline 1934 & 6.871 & 1964 & 16.276 & 1994 & 65.564 & & \\ \hline 1935 & 7.012 & 1965 & 16.574 & 1995 & 66.939 & & \\ \hline 1936 & 7.097 & 1966 & 17.039 & 1996 & 68.164 & & \\ \hline 1937 & 7.402 & 1967 & 17.533 & 1997 & 69.340 & & \\ \hline 1938 & 7.190 & 1968 & 18.280 & 1998 & 70.119 & & \\ \hline 1939 & 7.120 & 1969 & 19.176 & 1999 & 71.111 & & \\ \hline 1940 & 7.205 & 1970 & 20.189 & 2000 & 72.722 & & \\ \hline 1941 & 7.692 & 1971 & 21.212 & 2001 & 74.360 & & \\ \hline 1942 & 8.304 & 1972 & 22.130 & 2002 & 75.515 & & \\ \hline 1943 & 8.683 & 1973 & 23.342 & 2003 & 77.006 & & \\ \hline 1944 & 8.890 & 1974 & 25.443 & 2004 & 79.077 & & \\ \hline 1945 & 9.120 & 1975 & 27.800 & 2005 & 81.556 & & \\ \hline 1946 & 10.296 & 1976 & 29.330 & 2006 & 84.071 & & \\ \hline 1947 & 11.426 & 1977 & 31.152 & 2007 & 86.349 & & \\ \hline 1948 & 12.067 & 1978 & 33.343 & 2008 & 88.013 & & \\ \hline 1949 & 12.046 & 1979 & 36.110 & 2009 & 88.556 & & \\ \hline 1950 & 12.195 & 1980 & 39.371 & 2010 & 89.632 & & \\ \hline 1951 & 13.060 & 1981 & 43.097 & 2011 & 91.481 & & \\ \hline 1952 & 13.286 & 1982 & 45.759 & 2012 & 93.185 & & \\ \hline 1953 & 13.447 & 1983 & 47.552 & 2013 & 94.771 & & \\ \hline 1954 & 13.572 & 1984 & 49.267 & 2014 & 96.421 & & \\ \hline 1955 & 13.801 & 1985 & 50.826 & 2015 & 97.316 & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline yr & gdpx & yr & gdpx & yr & gdpx & yr & gdpx \\ \hline 1930 & 8.457 & 1960 & 15.495 & 1990 & 59.305 & 2020 & 105.381 \\ \hline 1931 & 7.587 & 1961 & 15.660 & 1991 & 61.310 & 2021 & 110.213 \\ \hline 1932 & 6.700 & 1962 & 15.850 & 1992 & 62.707 & 2022 & 117.973 \\ \hline 1933 & 6.514 & 1963 & 16.032 & 1993 & 64.194 & & \\ \hline 1934 & 6.871 & 1964 & 16.276 & 1994 & 65.564 & & \\ \hline 1935 & 7.012 & 1965 & 16.574 & 1995 & 66.939 & & \\ \hline 1936 & 7.097 & 1966 & 17.039 & 1996 & 68.164 & & \\ \hline 1937 & 7.402 & 1967 & 17.533 & 1997 & 69.340 & & \\ \hline 1938 & 7.190 & 1968 & 18.280 & 1998 & 70.119 & & \\ \hline 1939 & 7.120 & 1969 & 19.176 & 1999 & 71.111 & & \\ \hline 1940 & 7.205 & 1970 & 20.189 & 2000 & 72.722 & & \\ \hline 1941 & 7.692 & 1971 & 21.212 & 2001 & 74.360 & & \\ \hline 1942 & 8.304 & 1972 & 22.130 & 2002 & 75.515 & & \\ \hline 1943 & 8.683 & 1973 & 23.342 & 2003 & 77.006 & & \\ \hline 1944 & 8.890 & 1974 & 25.443 & 2004 & 79.077 & & \\ \hline 1945 & 9.120 & 1975 & 27.800 & 2005 & 81.556 & & \\ \hline 1946 & 10.296 & 1976 & 29.330 & 2006 & 84.071 & & \\ \hline 1947 & 11.426 & 1977 & 31.152 & 2007 & 86.349 & & \\ \hline 1948 & 12.067 & 1978 & 33.343 & 2008 & 88.013 & & \\ \hline 1949 & 12.046 & 1979 & 36.110 & 2009 & 88.556 & & \\ \hline 1950 & 12.195 & 1980 & 39.371 & 2010 & 89.632 & & \\ \hline 1951 & 13.060 & 1981 & 43.097 & 2011 & 91.481 & & \\ \hline \end{tabular} Use the inflation index distributed in class to convert the following nominal series to a constant real series measured in vear 2022 purchasing power units
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
