Nominal GDP and suitable price index
The following table show nominal GDP and suitable price index for a group of selected years. Calculate real GDP. Point out in each computation whether you are inflating or deflating the nominal GDP data.
Expert
Values for real GDP, top to bottom of the column: $70.9(inflating); $50.0 (inflating); $254.4 (inflating); $ (inflating); $530.2 (inflating); $626.2 (inflating); $809.8(inflating);$1045.5(deflating).
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