Question: Answer to Year Nominal GDP Real GDP Price Index 15,200 . Year Nominal GDP Real GDP Price Index 1 5,200 4,800 5,600 5,000 3 5,900 5,100 Refer to the table. (GDP figures are in billions of dollars.) What is the GDP price index in Year 2?

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Author:N. Gregory Mankiw
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Question: Answer to Year Nominal GDP Real GDP Price Index 1 5,200.
Year
Nominal GDP
Real GDP
Price Index
1
5,200
4,800
5,600
5,000
3
5,900
5,100
Refer to the table. (GDP figures are in billions of dollars.) What is the GDP price index in Year 2?
Transcribed Image Text:Question: Answer to Year Nominal GDP Real GDP Price Index 1 5,200. Year Nominal GDP Real GDP Price Index 1 5,200 4,800 5,600 5,000 3 5,900 5,100 Refer to the table. (GDP figures are in billions of dollars.) What is the GDP price index in Year 2?
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