The table shows nominal GDP data and real GDP data. Use this data to answer the following questions.
$$\begin{array} { | c | c | c | }
\hline \text { YEAR } & \begin{array} { c }
\text { NOMINAL GDP } \
\text { (BILLIONS) }
\end{array} & \begin{array} { c }
\text { REAL GDP } \
\text { (BILLIONS) }
\end{array} \
\hline 1980 & 47.96 & 43.91 \
\hline 1981 & 53.99 & 49.38 \
\hline 1982 & 71.15 & 59.88 \
\hline 1983 & 76.45 & 64.25 \
\hline 1984 & 82.67 & 77.14 \
\hline
\end{array}$$
(a) What was the GDP deflator in 1980?
(b) What was the GDP deflator in 1982?
(c) What was the GDP deflator in 1984?

Question

The table shows nominal GDP data and real GDP data. Use this data to answer the following questions.
 $$\begin{array} { | c | c | c | } 
\hline \text { YEAR } & \begin{array} { c } 
\text { NOMINAL GDP } \
\text { (BILLIONS) }
\end{array} & \begin{array} { c } 
\text { REAL GDP } \
\text { (BILLIONS) }
\end{array} \
\hline 1980 & 47.96 & 43.91 \
\hline 1981 & 53.99 & 49.38 \
\hline 1982 & 71.15 & 59.88 \
\hline 1983 & 76.45 & 64.25 \
\hline 1984 & 82.67 & 77.14 \
\hline
\end{array}$$ ​
(a) What was the GDP deflator in 1980?
(b) What was the GDP deflator in 1982?
(c) What was the GDP deflator in 1984?

Quizplus · Accepted Answer

The Answer of The table shows nominal GDP data and real GDP data. Use this data to answer the following questions.
 $$\begin{array} { | c | c | c | } 
\hline \text { YEAR } & \begin{array} { c } 
\text { NOMINAL GDP } \
\text { (BILLIONS) }
\end{array} & \begin{array} { c } 
\text { REAL GDP } \
\text { (BILLIONS) }
\end{array} \
\hline 1980 & 47.96 & 43.91 \
\hline 1981 & 53.99 & 49.38 \
\hline 1982 & 71.15 & 59.88 \
\hline 1983 & 76.45 & 64.25 \
\hline 1984 & 82.67 & 77.14 \
\hline
\end{array}$$ ​
(a) What was the GDP deflator in 1980?
(b) What was the GDP deflator in 1982?
(c) What was the GDP deflator in 1984?

The Table Shows Nominal GDP Data and Real GDP Data