Suppose GDP in current dollars was $360 billion in 2005 and $450 billion in 2010. The appropriate price index (2000 = 100) was 120 in 2005 and 125 in 2010. It can be concluded that between 2005 and 2010 real GDP:
Suppose GDP in current dollars was $360 billion in 2005 and $450 billion in 2010. The appropriate price index (2000 = 100) was 120 in 2005 and 125 in 2010. It can be concluded that between 2005 and 2010 real GDP:
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