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The GDP price index in the United States in 2015 was about 105, and real GDP in 2015 was $17.4 trillion (2012 dollars). The GDP price index in the United States in 2019 was about 112, and real GDP in 2019 was $19.0 trillion (2012 dollars). Calculate nominal GDP in 2015 and in 2019 and the percentage increase in nominal GDP between 2015 and 2019. >>> Answer below to 1 decimal place. Nominal GDP in 2015 is $ Nominal GDP in 2019 is $ The percentage increase in the nominal GDP between 2015 and 2019 is percent. trillion. trillion.

The GDP price index in the United States in 2015 was about 105, and real GDP in 2015 was $17.4 trillion (2012 dollars). The GDP price index in the United States in 2019 was about 112, and real GDP in 2019 was $19.0 trillion (2012 dollars). Calculate nominal GDP in 2015 and in 2019 and the percentage increase in nominal GDP between 2015 and 2019. >>> Answer below to 1 decimal place. Nominal GDP in 2015 is $ Nominal GDP in 2019 is $ The percentage increase in the nominal GDP between 2015 and 2019 is percent. trillion. trillion.

Macroeconomics: Principles and Policy (MindTap Course List)
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter6: How Statisticians Measure Inflation
Section6.A: How Statisticians Measure Inflation
Problem 2TY
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The GDP price index in the United States in 2015 was about 105, and real GDP in 2015 was $17.4 trillion (2012 dollars). The GDP price index in the United States in 2019 was about 112, and real GDP in 2019 was $19.0 trillion (2012 dollars). Calculate nominal GDP in 2015 and in 2019 and the percentage increase in nominal GDP between 2015 and 2019. >>> Answer below to 1 decimal place. trillion. trillion. Nominal GDP in 2015 is $ Nominal GDP in 2019 is $ The percentage increase in the nominal GDP between 2015 and 2019 is percent.
Transcribed Image Text:The GDP price index in the United States in 2015 was about 105, and real GDP in 2015 was $17.4 trillion (2012 dollars). The GDP price index in the United States in 2019 was about 112, and real GDP in 2019 was $19.0 trillion (2012 dollars). Calculate nominal GDP in 2015 and in 2019 and the percentage increase in nominal GDP between 2015 and 2019. >>> Answer below to 1 decimal place. trillion. trillion. Nominal GDP in 2015 is $ Nominal GDP in 2019 is $ The percentage increase in the nominal GDP between 2015 and 2019 is percent.
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