Problem 9-4 (algo)The table below shows nominal and real GDP figures for a hypothetical economy, Nebula.Nominal GDP(current $ billion)Year20172018241920202021968.91,137.11,355.01,567.5GOP Deflator91.69198.923110.187Real GDP(2019 5 billions)900.8THE SHIE FREITA1,300.0Fill in the table, writing out billions of dollars to the first decimal eg. $10 billion and the GDP deflator to three decimal places eg100,000.

We have given the data of nominal GDP and real GDP with GDP deflator.The GDP deflator is calculated…

The table below shows nominal and real GDP figures for a hypothetical economy, Nebula. Nominal GDP (current $ billion) Year 2017 2018 2019 2020 2021 GDP Deflator 91.691 966.9 BUSCIRE 98.923 1,337.1 ALLERAN 1.355.0 110.187 1,567.8 Real GDP (2019 $ billions) HI 900.8 1,300.0 UR Fill in the table, writing out billions of dollars to the first decimal eg $10 billion and the GDP deflator to three decimal places eg 100.000

The table below shows nominal and real GDP figures for a hypothetical economy, Nebula. Nominal GDP (current $ billion) Year 2017 2018 2019 2020 2021 GDP Deflator 91.691 966.9 BUSCIRE 98.923 1,337.1 ALLERAN 1.355.0 110.187 1,567.8 Real GDP (2019 $ billions) HI 900.8 1,300.0 UR Fill in the table, writing out billions of dollars to the first decimal eg $10 billion and the GDP deflator to three decimal places eg 100.000

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Measuring A Nation's Income

Section: Chapter Questions

Problem 7PA

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