Suppose all the dollar values in Problem 4 were in 2000 dollars. Use the Consumer Price Index
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Suppose all the dollar values in Problem 4 were in 2000 dollars. Use the Consumer Price Index shown on the end cover of this book to convert Problem 4’s GDP to 2013 dollars. What is the value of that GDP in 2013 dollars? (You’ll be converting the figures from their nominal to their real values with 2013 as the base year; use the following formula: CPI2/CPI1 = GDP2/GDP1.)
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Related Book For 
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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