Well, this kind of sucks.

Not sure how many people actually check this, but I just realized I lost my entire notebook for my classes while in San Francisco, so I have no notes for the chapter now and a make-up test next week. If anyone could share them, I'll post them all up here once I receive them. I'd greatly appreciate it.

marcy.tannahill@mavs.uta.edu

2/29 Real v Nominal GDP

Real v. Nominal GDP Comparison

• Nominal GDP = $12.5 billion (base year)

• Nominal GDP = $15.9 billion (current year)

• GDP deflator index = 1.24
  • What is change in Nominal GDP? = 27.2%
  • What is Real GDP in current year? = $15.9/1.24 is 12,822,580
  • What is change in Real GDP? = 12,822,580-12,500,000/12,500,00 is 2.6%
  • What is Real GDP in base year? = 12,500,000

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