The base year is 2012. real gdp in 2012 was? $15 trillion. the gdp price index in 2015 was? 105, and real gdp in 2015 was? $16 trillion. ? ? ? ? calculate nominal gdp in 2012 and in 2015 and the percentage increase in nominal gdp from 2012 to 2015.

nominal gdp in 2012 is ? $ _ trillion. and percentage increase in production 2012-2015 is _.

nominal GDP = 15 trillion

nominal GDP = 16.8 trillion

percentage change in nominal GDP = 12%

percentage change in real GDP = 6.67 %

Explanation:

given data

Real GDP in 2012 = $15 trillion

GDP price index 2015 = 105

real GDP in 2015 = $16 trillion

solution

we get here GDP in 2012 that is express as

GDP deflator = × 100  ................1

100 = × 100

nominal GDP = 15 trillion

and

nominal GDP in 2015 that is

105 = × 100

nominal GDP = 16.8 trillion

and

now we get percentage increase in nominal GDP is

nominal GDP = × 100     .....................2

nominal GDP = × 100

percentage change in nominal GDP = 12%

and

percentage change in real GDP is

percentage change in real GDP = × 100   .....................3

percentage change in real GDP = × 100

percentage change in real GDP = 6.67 %

answer; human resource management.(hrm);

answer; importance to people; or acceptance;