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sing the formula for calculating real GDP, we can compute the real GDP for all the years from 1970 through 1995 using the respective nominal
sing the formula for calculating real GDP, we can compute the real GDP for all the years from 1970 through 1995 using the respective nominal GDP and price index values for each year.
| Year | Nominal GDP in billions of Dollars | Price Index |
|---|---|---|
| 1960 | 543.3 | 19 |
| 1965 | 743.7 | 20.3 |
| 1970 | 1075.9 | 24.8 |
| 1975 | 1688.9 | 34.1 |
| 1980 | 2862.5 | 48.3 |
| 1985 | 4346.7 | 62.3 |
| 1990 | 5979.6 | 72.7 |
| 1995 | 7664 | 82.0 |
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Project Management A Managerial Approach
Authors: Jack R. Meredith, Samuel J. Mantel,
7th Edition
470226218, 978-0470226216
