Using the table below, calculate real GDP (in billions of dollars) in 2006. Round your answer to the nearest tenth. Year 2002 2003 2004 2005 2006 Nominal GDP (in billions of dollars) 8, 309.8 9,890.9 10, 302.9 10, 856.8 11, 200.8 Provide your answer below: billion GDP Deflator (2005=100) 85.3 87.6 92.4 100 108

Using the table below, calculate real GDP (in billions of dollars) in 2006. Round your answer to the nearest tenth. Year 2002 2003 2004 2005 2006 Nominal GDP (in billions of dollars) 8, 309.8 9,890.9 10, 302.9 10, 856.8 11, 200.8 Provide your answer below: billion GDP Deflator (2005=100) 85.3 87.6 92.4 100 108

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 5CQ: Why might even real GDP be a misleading index of changes in output between 1950 and 2015 in the...

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Question Using the table below, calculate real GDP (in billions of dollars) in 2006. Round your answer to the nearest tenth. Year 2002 2003 2004 2005 2006 Provide your answer below: Nominal GDP (in billions of dollars) 8, 309.8 9, 890.9 10, 302.9 10, 856.8 11, 200.8 GDP Deflator (2005=100) 83.3 87.6 94.5 100 106
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