A country has nominal GDP equal to $206.53 billion in 2018. The GDP deflator in 2018 has a value of 116.76. What was the value of real GDP, in billions of dollars. Round to two decimal places. If your answer is 3.2 billion then just enter 3.2.

A country has nominal GDP equal to $206.53 billion in 2018. The GDP deflator in 2018 has a value of 116.76. What was the value of real GDP, in billions of dollars. Round to two decimal places. If your answer is 3.2 billion then just enter 3.2.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A country has a nominal GDP equal to $206.5 billion in 2018. The GDP deflator in 2018 has a value of 116.76. What was the value of real GDP, in billions of dollars? Round to two decimal places. If your answer is 3.2 billion, then just enter 3.2.

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