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Suppose nominal GDP in 2006 was $14460 billion. If the current year price index is 127. What was the real GDP for 2006 (in billion of dollars)? (Round your answer to the nearest whole number.)
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Suppose nominal GDP in 2006 was $14460 billion. If the current year price index is 127. What was the real GDP for 2006 (in billion of dollars)? (Round your answer to the nearest whole number.)

User Ahad Sheriff
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1 Answer

2 votes

Answer:

$113.86 billion

Step-by-step explanation:

Real GDP = nominal GDP/ price index

Real GDP = $14460 billion / 127 = $113.86 billion

I hope my answer helps you

User Inquam
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