How do I solve this problem? Homework #5 (Ch 5) : | A https://newconnect. html?r

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How do I solve this problem?

Homework #5 (Ch 5) : | A https://newconnect. html?retumUrl:https%3A%2F%2Fconnet.mheducation.com%2Fpaamweb%2Findex.html%23%2Fre n *r Homework #5 (Ch 5) Saved Help Save & ExitSubmit Check my work 12 What was real per capita GDP in 1933 measured in 2013 prices? Use the data in the table below to compute your answer. Year Nominal GDP 0.17 poins 57 billion 2813 16,800 billion Population Nominal per Capita GDPPrice Index 126 million 310 million 1933 452 54, 194 100 1,400 Instructions: Enter your response rounded to the nearest whole number. eBook Prirt

Explanation / Answer

Real GDP = Nominal GDP/Inflation.

Real GDP per capita = Nominal GDP per capita/Inflation

Inflation = (Price Index)2013 -(Price Index)1933

Real GDP = 54194/(1400-100) = $41.69.

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