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The value of real gdp in 1997

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Reference no: EM13335050

Except for the CPI index numbers, assume these figures represent billions of U.S. dollars.

Year CPI NGDIP RGDP

1997 $160.50 $7,110.00 ?

1998 $163.00 ? $4,896.47

Calculate the following:

a) The value of real GDP in 1997?

b) The value of nominal GDP in 1998?

c) The rate of inflation between 1997 and 1998?

Reference no: EM13335050

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