Real and Nominal GDP in a Simple Economy, 2025-2027 Quantity of apples Quantity of computers Price of apples (dollars) Price of computers (dollars) Nominal GDP Real GDP in 2025 prices Real GDP in 2026 prices Real GDP in 2027 prices Real GDP in chained prices, benchmarked to 2027 2025 500 5 1 900 5,000 5,000 6,000 ? ? 2026 500 2 1,000 6,000 5,000 6,000 6,500 6,483 2027 550 6 3 1,000 7,650 ? 7,100 7,650 7,650 Percentage change 2026-2027 10.0 20.0 50.0 0.0 27.5 ? 18.3 17.7 18.0
Real and Nominal GDP in a Simple Economy, 2025-2027 Quantity of apples Quantity of computers Price of apples (dollars) Price of computers (dollars) Nominal GDP Real GDP in 2025 prices Real GDP in 2026 prices Real GDP in 2027 prices Real GDP in chained prices, benchmarked to 2027 2025 500 5 1 900 5,000 5,000 6,000 ? ? 2026 500 2 1,000 6,000 5,000 6,000 6,500 6,483 2027 550 6 3 1,000 7,650 ? 7,100 7,650 7,650 Percentage change 2026-2027 10.0 20.0 50.0 0.0 27.5 ? 18.3 17.7 18.0
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter23: Measuring A Nation's Income
Section: Chapter Questions
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