Answer to Question #302357 in Macroeconomics for Kezzman

Question #302357

Suppose a nation's 2003 nominal GDP was $972 billion and the general price index was 90. To make the 2003 GDP comparable with the base year GDP, calculate the 2003 GDP.

Expert's answer

"GDRr=\\frac{GDRn}{Pi}=\\frac{972}{0.9}=1080"

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