Nominal GDP in 2006 was $13,458.2 billion. In 2006, the GDP deflator was 116.9. What was the real GDP for 2006 if the GDP deflator uses 2000 as the base year?

Name: Nominal GDP in 2006 was $13,458.2 billion. In 2006, the GDP deflator was 116.9. What was the real GDP for 2006 if the GDP deflator uses 2000 as the base year?
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Real GDP is calculated by dividing nominal GDP by the GDP deflator (in hundredths). Real GDP = $13,458.2 billion / 1.169 = $11,512.6 billion.

Nominal GDP in 2006 Was $13,458