yeal, and fill in the table. (Round your answers to two decimal places.) Year Nominal GDP Price index Real GDP 2010 9,900 105 9428.57 2011 10,395 112 9281.25 he growth rate of real GDP between 2010 and 2011 was %. (Round your answer to two decimal places.)

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 32P: An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it...
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100%
Ih each year, and fill in the table. (Round your answers to two decimal places.)
Year
Nominal GDP
Price index
Real GDP
2010
9,900
105
9428.57
2011
10,395
112
9281.25
The growth rate of real GDP between 2010 and 2011 was
%. (Round your answer to two decimal places.)
Transcribed Image Text:Ih each year, and fill in the table. (Round your answers to two decimal places.) Year Nominal GDP Price index Real GDP 2010 9,900 105 9428.57 2011 10,395 112 9281.25 The growth rate of real GDP between 2010 and 2011 was %. (Round your answer to two decimal places.)
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