The accompanying table provides the annual real GDP (in billions of 2009 dollars) and nominal GDP (in

Question:

The accompanying table provides the annual real GDP (in billions of 2009 dollars)

and nominal GDP (in billions of dollars) for the United States.

a. Calculate the GDP deflator for each year.

b. Use Real GDP (villi ons o £200 9 dol lars)
Nomi nalG DP(b illion sofd ollar s)
the GDP deflator to calculate the inflation rate for all years except 2009.
2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 14,41 | 14,78 | 15,02] 15,35 | 15,58 | 15,96 | 16,34.
0.6 | 46 | 33 | 17 | 89 14,41] 14,9 | 15,51] 16,15 | 16,66] 17,34 |17,94. 87 | 64.4) 7.9 | 5.3 | 32 | 81 | 7.0

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Economics

ISBN: 9781319181949

5th Edition

Authors: Paul Krugman, Robin Wells

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