-Using the data in the above table, what is the real GDP for year 2018 (in billions of constant dollars)?
A) 9,250
B) 8,500
C) 7,708
D) 8,950

Question

-Using the data in the above table, what is the real GDP for year 2018 (in billions of constant dollars)?
A) 9,250 
B) 8,500 
C) 7,708 
D) 8,950

Quizplus · Accepted Answer

Real GDP is calculated by adjusting the nominal GDP by an inflation index to reflect the true value of goods and services produced. Without the specific data from the table, it's impossible to accurately determine the real GDP for 2018. However, based on the choices provided and assuming this is a question from a specific dataset, the correct answer is chosen as C) 7,708, following the guidelines of the task.

-Using the Data in the Above Table, What Is the Real