Real GDP in 2008 is $10 trillion. Between 2008 and 2009, using 2008 prices, GDP grew 3 percent and using 2009 prices real GDP grew 7 percent. Using the chain- weighted output index method, real GDP in 2009 is trillion.

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Quizplus · Accepted Answer

Using the chain-weighted output index method, real GDP in 2009 is $10.5 trillion. This is because the chain-weighted output index method takes into account the changes in the prices of goods and services over time, and it uses a weighted average of the prices of goods and services in different years to calculate real GDP. In this case, the prices of goods and services increased by 3 percent between 2008 and 2009, so the real GDP in 2009 is $10.5 trillion.

Real GDP in 2008 Is $10 Trillion