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melamori03 [73]
3 years ago
14

If real gdp in a particular year is $80 billion and nominal gdp is $240 billion, the gdp price index for that year is:

Business
1 answer:
Alex787 [66]3 years ago
5 0
<span>The gdp price index for that year is 300.
This is how we calculate this;
Gdp price index = 100 x nominal gdp / real gdp
=100 x 240 / 80
=24000/80
</span>Gdp price index = 300
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