(Table 7: GDP and Price Index Data) Table 7 provides data on GDP and price indices for Macroland for four years. What was Macroland's real GDP in 2018 using 2015 prices?
$\begin{array}{l}
\text { Table 7: GDP and Price Index Data }\
\begin{array}{|c|c|c|c|c|}
\hline \text { Year } & 2015 & 2016 & 2017 & 2018 \
\hline \begin{array}{c}
\text { Nominal GDP } \
\text { (billions of dollars) }
\end{array} & \$ 800 & \$ 835 & \$ 890 & \$ 930 \
\hline \text { Price index } & 100 & 106 & 110 & 112 \
\hline
\end{array}
\end{array}$
A) $890
B) $830
C) $788
D) $809

Question

(Table 7: GDP and Price Index Data) Table 7 provides data on GDP and price indices for Macroland for four years. What was Macroland's real GDP in 2018 using 2015 prices?
 $\begin{array}{l}
\text { Table 7: GDP and Price Index Data }\
\begin{array}{|c|c|c|c|c|}
\hline \text { Year } & 2015 & 2016 & 2017 & 2018 \
\hline \begin{array}{c}
\text { Nominal GDP } \
\text { (billions of dollars) }
\end{array} & \$ 800 & \$ 835 & \$ 890 & \$ 930 \
\hline \text { Price index } & 100 & 106 & 110 & 112 \
\hline
\end{array}
\end{array}$
A) $890
B) $830
C) $788
D) $809

Quizplus · Accepted Answer

The Answer of (Table 7: GDP and Price Index Data) Table 7 provides data on GDP and price indices for Macroland for four years. What was Macroland's real GDP in 2018 using 2015 prices?
 $\begin{array}{l}
\text { Table 7: GDP and Price Index Data }\
\begin{array}{|c|c|c|c|c|}
\hline \text { Year } & 2015 & 2016 & 2017 & 2018 \
\hline \begin{array}{c}
\text { Nominal GDP } \
\text { (billions of dollars) }
\end{array} & \$ 800 & \$ 835 & \$ 890 & \$ 930 \
\hline \text { Price index } & 100 & 106 & 110 & 112 \
\hline
\end{array}
\end{array}$
A) $890
B) $830
C) $788
D) $809

(Table 7: GDP and Price Index Data) Table 7 Provides