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ipn [44]
2 years ago
13

Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. Calculate the US Real GDP for

2010.
Business
1 answer:
oksian1 [2.3K]2 years ago
3 0

Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. US Real GDP for 2010 is 7.5%.

<h3>Real GDP</h3>

Using this formula

GDP=Nominal GDP/GDP deflator×100

Where:

Nominal GDP=$15 trillion

GDP deflator=200

Let plug in the formula

GDP=$15 trillion/200×100

GDP=7.5%

Therefore US Real GDP for 2010 is 7.5%.

Learn more about Real GDP here:brainly.com/question/6348208

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