Calculate nominal GDP in 2012 and in 2015 and the percentage increase in nominal GDP from 2012

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Calculate nominal GDP in 2012 and in 2015 and the percentage increase in nominal GDP from 2012 to 2015.

The base year is 2012. Real GDP in 2012 was $15 trillion. The GDP price index in 2015 was 105, and real GDP in 2015 was $16 trillion.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 04:40 AM

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Calculate nominal GDP in 2012 and in 2015 and the percentage increase in nominal GDP from 2012

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In the base year nominal GDP equals real GDP So in the base year o...View the full answer

Foundations of Macroeconomics

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