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Refer to the table below to answer questions 1a and 1b. Year GDP (Deflator) Nominal GDP (Billion) 2007 100 189.365 2008 60 198.256 2009 89
- Refer to the table below to answer questions 1a and 1b.
Year GDP (Deflator) Nominal GDP (Billion) 2007 100 189.365 2008 60 198.256 2009 89 220.987 2010 95 240.534 2011 105 300.989
| Year | GDP (Deflator) | Nominal GDP (Billion) |
| 2007 | 100 | 189.365 |
| 2008 | 60 | 198.256 |
| 2009 | 89 | 220.987 |
| 2010 | 95 | 240.534 |
| 2011 | 105 | 300.989 |
If 2007 is the base year, calculate:
- The real GDP for 2007, 2008, 2009 and 2010.
- The annual growth of real GDP for the years 2008, 2009 and 2010.
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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
