Ork Measuring Domestic Output and National L... Saved
The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP. Indicate in
each calculation whether you are inflating or deflating the nominal GDP data.
Instructions: Enter your responses in the gray-shaded cells. Round your answers to 2 decimal places.
Year
Real GDP, Billions
Effect on Nominal GDP
Price Index
(2005-100)
424
68.98
1978
1988
nd
Nominal GDP.
Billions
$2,308.80
5,115.40
8,808 50
14.456.40
20,507.10
87 51
1998
2008
2018
110.48
130.09
ces

Americans often speak of their country as one of several large regions.  these regions are cultural units rather than governmental units --  formed by history and geography and shaped by the economics, literature and folkways that all the parts of a region share. what makes one region different from another? a region's multicultural heritage as well as distinct demographic characteristics like age and occupation make regions different and special. within several regions, language is used differently and there are strong dialects. there are also differences in outlook and attitude based on geography.