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Nookie1986 [14]

4 years ago

14

1.assume that nominal gdp for 2012 was $700b with a price index of 110 (using 2004 as the base year). what is the real gdp for 2

012?

1 answer:

Nezavi [6.7K]4 years ago

3 0

<span> </span>real GDP = nominal GDP / price index

<span>real GDP (2012)= $700 b/ 1.1= $636.36 b</span>

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