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Suppose that nominal GDP in 2006 was $100 billion and, in 2012, it was $260 billion. The GDP deflator in 2006 was 100 and, in
Suppose that nominal GDP in 2006 was $100 billion and, in 2012, it was $260 billion. The GDP deflator in 2006 was 100 and, in 2012, it was 180. Between 2006 and 2012, real GDP rose by:
- 12 percent
- 160 percent
- 80 percent
- 37 percent
- 44 percent
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Principles Of Microeconomics
Authors: N Gregory Mankiw
9th Edition
035713348X, 9780357133484
