In 1980, U.S. nominal GDP was $2,784 billion and the GDP chain price index is 60.4. Real GDP in 1996 dollars is:

Name: In 1980, U.S. nominal GDP was $2,784 billion and the GDP chain price index is 60.4. Real GDP in 1996 dollars is:
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To calculate real GDP, divide nominal GDP by the GDP chain price index (in decimal form) and multiply by 100. Real GDP = ($2,784 billion / 0.604) * 100 = $4,609 billion.