11 The accompanying table provides the annual real GDP (in billions of 2009 dollars) and nominal GDP (in bil- lions of dollars) for the United States. 2009 2010 2011 2012 2013 Real GDP (billions...

11 The accompanying table provides the annual real GDP<br>(in billions of 2009 dollars) and nominal GDP (in bil-<br>lions of dollars) for the United States.<br>2009<br>2010<br>2011<br>2012<br>2013<br>Real<br>GDP<br>(billions<br>14,417.9 14,779.4 15,052.4 15,470.7 15,761.3<br>of 2009<br>dollars)<br>Nominal<br>GDP<br>(billions 14,417.9<br>14,958.3 15,533.8 16,244.6 16,799.7<br>of<br>dollars)<br>a. Calculate the GDP deflator for each year.<br>b. Use the GDP deflator to calculate the inflation rate<br>for all years except 2009.<br>

Extracted text: 11 The accompanying table provides the annual real GDP (in billions of 2009 dollars) and nominal GDP (in bil- lions of dollars) for the United States. 2009 2010 2011 2012 2013 Real GDP (billions 14,417.9 14,779.4 15,052.4 15,470.7 15,761.3 of 2009 dollars) Nominal GDP (billions 14,417.9 14,958.3 15,533.8 16,244.6 16,799.7 of dollars) a. Calculate the GDP deflator for each year. b. Use the GDP deflator to calculate the inflation rate for all years except 2009.

Jun 08, 2022

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11 The accompanying table provides the annual real GDP (in billions of 2009 dollars) and nominal GDP (in bil- lions of dollars) for the United States. 2009 2010 2011 2012 2013 Real GDP (billions...

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