$$\begin{array} { l c c }
{ \text { GDP } } & \begin{array} { c }
\text { Data for 2008 } \
\text { (billions of dollars) }
\end{array} & \begin{array} { c }
\text { Data for 2009 } \
\text { (billions of dollars) }
\end{array} \
\hline \text { Nominal GDP } & 3,300 & 4,200 \
\text { Real GDP } & 3,300 & 3,600 \
\hline
\end{array}$$
-The table above shows real and nominal GDP for two years.
a. What does the GDP price index equal in 2008?
What does the value of the GDP price index tell you about 2008?
b. What does the GDP price index equal in 2009?

Question

$$\begin{array} { l c c } 
 { \text { GDP } } & \begin{array} { c } 
\text { Data for 2008 } \
\text { (billions of dollars) }
\end{array} & \begin{array} { c } 
\text { Data for 2009 } \
\text { (billions of dollars) }
\end{array} \
\hline \text { Nominal GDP } & 3,300 & 4,200 \
\text { Real GDP } & 3,300 & 3,600 \
\hline
\end{array}$$
-The table above shows real and nominal GDP for two years.
a. What does the GDP price index equal in 2008?
 What does the value of the GDP price index tell you about 2008?
b. What does the GDP price index equal in 2009?

Quizplus · Accepted Answer

The Answer of $$\begin{array} { l c c } 
 { \text { GDP } } & \begin{array} { c } 
\text { Data for 2008 } \
\text { (billions of dollars) }
\end{array} & \begin{array} { c } 
\text { Data for 2009 } \
\text { (billions of dollars) }
\end{array} \
\hline \text { Nominal GDP } & 3,300 & 4,200 \
\text { Real GDP } & 3,300 & 3,600 \
\hline
\end{array}$$
-The table above shows real and nominal GDP for two years.
a. What does the GDP price index equal in 2008?
 What does the value of the GDP price index tell you about 2008?
b. What does the GDP price index equal in 2009?

-The Table Above Shows Real and Nominal GDP for Two