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Real-Time Data Analysis Exercise Use the data in the following table to calculate the GDP deflator for each year (values are in billions of dollars, enter your response rounded to two decimal places -- remember to multiply by 100). Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). Year 2019 Nominal GDP $21,521 Real GDP GDP Deflator $20,692 2020 21,323 20,234 2021 23,594 21,408 2022 25,744 21,822 2023 27,361 22,377 Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).

Real-Time Data Analysis Exercise Use the data in the following table to calculate the GDP deflator for each year (values are in billions of dollars, enter your response rounded to two decimal places -- remember to multiply by 100). Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). Year 2019 Nominal GDP $21,521 Real GDP GDP Deflator $20,692 2020 21,323 20,234 2021 23,594 21,408 2022 25,744 21,822 2023 27,361 22,377 Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 6PA
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Real-Time Data Analysis Exercise Use the data in the following table to calculate the GDP deflator for each year (values are in billions of dollars, enter your response rounded to two decimal places -- remember to multiply by 100). Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). Year 2019 Nominal GDP $21,521 Real GDP GDP Deflator $20,692 2020 21,323 20,234 2021 23,594 21,408 2022 25,744 21,822 2023 27,361 22,377 Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).
Transcribed Image Text:Real-Time Data Analysis Exercise Use the data in the following table to calculate the GDP deflator for each year (values are in billions of dollars, enter your response rounded to two decimal places -- remember to multiply by 100). Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). Year 2019 Nominal GDP $21,521 Real GDP GDP Deflator $20,692 2020 21,323 20,234 2021 23,594 21,408 2022 25,744 21,822 2023 27,361 22,377 Source: Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).
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