Suppose that nominal GDP in 1990 was $1,015.5 billion,and in 2000 it was $2,732.0 billion.The GDP deflator is 42.0 for 1990 and 85.7 for 2000,where 1992 is the base year.Calculate the percent change in real GDP in the decade from 1990 and 2000.Round off to the nearest percentage point.
A)32%
B)104%
C)132%
D)169%

Question

Quizplus · Accepted Answer

The Answer of Suppose that nominal GDP in 1990 was $1,015.5 billion,and in 2000 it was $2,732.0 billion.The GDP deflator is 42.0 for 1990 and 85.7 for 2000,where 1992 is the base year.Calculate the percent change in real GDP in the decade from 1990 and 2000.Round off to the nearest percentage point.
A)32%
B)104%
C)132%
D)169%

Suppose That Nominal GDP in 1990 Was $1,015