M
maxine_twinb
Guest
This table shows data for the United States between 1964 and 2004. (When making your calculations, remember that the real and nominal GDP figures are in billions of dollars.)
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1974
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Real GDP (Billions of 2000 dollars) $4,320
Nominal GDP (Billions of current dollars) ?
Real GDP Per Person --$24,654
Nominal GDP Per Person $7,014
Population 213,854,000
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Calculate nominal GDP for the year 1974. Round to the nearest billion.
A. $1,100 billion
B. $1,500 billion
C. $2,890 billion
D. $1,040 billion
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1974
--------------------------------------------------------------------------------
Real GDP (Billions of 2000 dollars) $4,320
Nominal GDP (Billions of current dollars) ?
Real GDP Per Person --$24,654
Nominal GDP Per Person $7,014
Population 213,854,000
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Calculate nominal GDP for the year 1974. Round to the nearest billion.
A. $1,100 billion
B. $1,500 billion
C. $2,890 billion
D. $1,040 billion