(Data for the state of GA in the USA) Nominal GOP 5438,324 million $454,532 mill

Question

(Data for the state of GA in the USA) Nominal GOP 5438,324 million $454,532 million Year GOP Deflator 2012 2013 105 107 Refer to Table 1. In 2012 the real GDP for Georgia was: O A) $417,451 million OB) $430,131 million O c) $446,673 million O D) $460,240 million Save Question 4 (1 point) Table 1 (Data for the state of GA in the USA) Nominal GDP GDP Deflator Year 2012 105 Refer to Table 1. In 2013 the real GDP for Georgia was A) %424,796 million B) $432,888 million C)$446,036 million D) 463, 190 million Save Question 5 (1 point)

Explanation / Answer

Q1
Answer

Option A
real GDP=(NGDP/GDP deflator)*100
RGDP 2012=(438324/105)*100
=417451.429 million

Q2

option A
real GDP=(NGDP/GDP deflator)*100
RGDP 2013=(454532/107)*100
=424796.262 million

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