Complete the following table by filling in the missing cells. GDP Deflator Real GDP Nominal GDP Year (In 2000 dollars) (In current dollars) (Base year 2000) 1970 4,000 2,000 1980 6,000 75 1990 6,300 90 2000 9,000 2010 12,000 150 2020 10,000 28,000 2030 15,000 300

Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter6: How Statisticians Measure Inflation
Section6.A: How Statisticians Measure Inflation
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Complete the following table by filling in the missing cells.
Real GDP
Nominal GDP
Year
(In 2000 dollars)
(In current dollars)
GDP Deflator
(Base year 2000)
1970
4,000
2,000
1980
6,000
75
1990
6,300
90
2000
9,000
2010
12,000
150
2020
10,000
28,000
2030
15,000
300
Transcribed Image Text:Complete the following table by filling in the missing cells. Real GDP Nominal GDP Year (In 2000 dollars) (In current dollars) GDP Deflator (Base year 2000) 1970 4,000 2,000 1980 6,000 75 1990 6,300 90 2000 9,000 2010 12,000 150 2020 10,000 28,000 2030 15,000 300
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