Ask Question
3 February, 11:55

If real gdp in a particular year is $80 billion and nominal gdp is $240 billion, the gdp price index for that year is:

+5
Answers (1)
  1. 3 February, 15:04
    0
    The gdp price index for that year is 300.

    This is how we calculate this;

    Gdp price index = 100 x nominal gdp / real gdp

    =100 x 240 / 80

    =24000/80

    Gdp price index = 300
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If real gdp in a particular year is $80 billion and nominal gdp is $240 billion, the gdp price index for that year is: ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers