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1st attempt You have been approached by the Central Intelligence Agency to help them calculate real GDP rates for a variety of countries as part
1st attempt You have been approached by the Central Intelligence Agency to help them calculate real GDP rates for a variety of countries as part of their annual CIA Factbook. They have given you data for the percentage change in price levels and the percentage change in nominal GDP from one year to the next. They are, however, at a loss to determine the percentage change in real GDP. For the data tables below, provide the percentage change in real GDP (to one decimal point). Country Percentage change in price level Percentage change in nominal GDP Percentage change in real GDP Iran 2.5% 2% % Norway 6.9% 10.6% % Peru 3% 7.1% % Nigeria 10.5% 10%
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