
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601 Exercise 10
Below you will find nominal GDP and the GDP deflator (based on 2009 = 100) for the years 1992, 2002, and 2012.
a. Compute real GDP for each year.
b. Compute the percentage change in nominal and real GDP from 1992 to 2002, and from 2002 to 2012.
c. Compute the percentage change in the GDP deflator over these two periods.

a. Compute real GDP for each year.
b. Compute the percentage change in nominal and real GDP from 1992 to 2002, and from 2002 to 2012.
c. Compute the percentage change in the GDP deflator over these two periods.

Explanation
Real GDP for 1989
Substitute the respec...
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
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