Use the information in the table below to calculate the real 2015 gross domestic product GDP), in 2009 dollars. Explain how the calculation is performed, and the reasoning behind it. $$\begin{array} { c }
\hline { \quad\quad\quad\text { U.S. Nominal GDP and Price Level, 2006-2015 } } \
\hline \text { Year } & \begin{array} { l }
\text { Nominal GDP } \
\text { (billions of dollars) }
\end{array} & \begin{array} { l }
\text { Price Level } \
\text { (GDP deflator) }
\end{array} \
\hline 2006 & 13,855.9 & 95 \
2007 & 14,477.6 & 97 \
2008 & 14,718.6 & 99 \
2009 & 14,418.7 & 100 \
2010 & 14,964.4 & 101 \
2011 & 15,517.9 & 013 \
2012 & 16,155.3 & 105 \
2013 & 16,663.2 & 107 \
2014 & 17,348.1 & 109 \
2015 & 17,937.8 & 110 \
\hline
\end{array}$$

Question

Use the information in the table below to calculate the real 2015 gross domestic product GDP), in 2009 dollars. Explain how the calculation is performed, and the reasoning behind it. $$\begin{array} { c } 
\hline { \quad\quad\quad\text { U.S. Nominal GDP and Price Level, 2006-2015 } } \
\hline \text { Year } & \begin{array} { l } 
\text { Nominal GDP } \
\text { (billions of dollars) }
\end{array} & \begin{array} { l } 
\text { Price Level } \
\text { (GDP deflator) }
\end{array} \
\hline 2006 & 13,855.9 & 95 \
2007 & 14,477.6 & 97 \
2008 & 14,718.6 & 99 \
2009 & 14,418.7 & 100 \
2010 & 14,964.4 & 101 \
2011 & 15,517.9 & 013 \
2012 & 16,155.3 & 105 \
2013 & 16,663.2 & 107 \
2014 & 17,348.1 & 109 \
2015 & 17,937.8 & 110 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Use the information in the table below to calculate the real 2015 gross domestic product GDP), in 2009 dollars. Explain how the calculation is performed, and the reasoning behind it. $$\begin{array} { c } 
\hline { \quad\quad\quad\text { U.S. Nominal GDP and Price Level, 2006-2015 } } \
\hline \text { Year } & \begin{array} { l } 
\text { Nominal GDP } \
\text { (billions of dollars) }
\end{array} & \begin{array} { l } 
\text { Price Level } \
\text { (GDP deflator) }
\end{array} \
\hline 2006 & 13,855.9 & 95 \
2007 & 14,477.6 & 97 \
2008 & 14,718.6 & 99 \
2009 & 14,418.7 & 100 \
2010 & 14,964.4 & 101 \
2011 & 15,517.9 & 013 \
2012 & 16,155.3 & 105 \
2013 & 16,663.2 & 107 \
2014 & 17,348.1 & 109 \
2015 & 17,937.8 & 110 \
\hline
\end{array}$$

Use the Information in the Table Below to Calculate the Real