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The table shows this year's nominal GDP and price level. If nominal GDP increases by 4 percent and the price level goes up by
The table shows this year's nominal GDP and price level. If nominal GDP increases by 4 percent and the price level goes up by 1 percent next year, calculate next year's nominal GDP, price level, and real GDP. Instructions: Round your responses for nominal and real GDP to one decimal place. Enter your response for the price level as a whole number Nominal GDP (in Billions) Real GDP (in Price Level Billions) This year $ 1,800.0 100 $ 1,800.0 Next year
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