Question

Part e
now that you know the nominal gdp and price deflators, use the formula to find real gdp for the most
recent year and the year prior. round your answers to the same significant digits as the corresponding
year's nominal gdp, and record them in the table.
real gdp =
nominal gdp
doctor for same year

Answer 1

Based on the Nominal GDP, the Real GDP can be calculated by dividing the Nominal GDP by the Price Deflator.

How do we find the Real GDP?

As the question is not complete, a general overview will be provided.

One way to find Real GDP is by using the price deflator and the Nominal GDP.

The formula would be:

Real GDP = Nominal GDP / Price Deflator x 100

This also means that the Price Deflator can be found by dividing the Nominal GDP by the Real GDP.

Find out more on the Real GDP athttps://brainly.com/question/13604000.

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