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(1) Year 1980 1985 1990 2000 2005 2009 a. $2686.9 Based on the above information, what is real GDP of 2005? b. $126.384 (2) Nominal GDP, c. $268.69 d. $12,638.4 Billions $ 2788.1 4717.5 5800.5 9951.5 12,638.4 14,256.3 (3) Real GDP, Billions $ 5839.0 6849.3 11,226.0 12,987.4 (4) GDP Price Index (2005= 100) 68.9 72.2 88.6 100.0 109.8 <

(1) Year 1980 1985 1990 2000 2005 2009 a. $2686.9 Based on the above information, what is real GDP of 2005? b. $126.384 (2) Nominal GDP, c. $268.69 d. $12,638.4 Billions $ 2788.1 4717.5 5800.5 9951.5 12,638.4 14,256.3 (3) Real GDP, Billions $ 5839.0 6849.3 11,226.0 12,987.4 (4) GDP Price Index (2005= 100) 68.9 72.2 88.6 100.0 109.8 <

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
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(1) Year 1980 1985 1990 2000 2005 2009 a. $2686.9 Based on the above information, what is real GDP of 2005? b. $126.384 c. $268.69 (2) Nominal GDP, d. $12,638.4 Billions $ 2788.1 4717.5 5800.5 9951.5 12,638.4 14.256.3 (3) Real GDP, Billions $ 5839.0 6849.3 11,226.0 12,987.4 (4) GDP Price Index (2005= 100) 68.9 72.2 88.6 100.0 109.8 <
Transcribed Image Text:(1) Year 1980 1985 1990 2000 2005 2009 a. $2686.9 Based on the above information, what is real GDP of 2005? b. $126.384 c. $268.69 (2) Nominal GDP, d. $12,638.4 Billions $ 2788.1 4717.5 5800.5 9951.5 12,638.4 14.256.3 (3) Real GDP, Billions $ 5839.0 6849.3 11,226.0 12,987.4 (4) GDP Price Index (2005= 100) 68.9 72.2 88.6 100.0 109.8 <
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