Calculate nominal gdp in percentage

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Reference no: EM13159283

The GPD price index in the United States in 2006 was about 103, and real GDP in 2006 was $12.7 trillion (2005 dollars).

The GPD price index in the united states in 2007 was about 106, and real GDP in 2007 was $13.0 trillion (2005 dollars).

Calculate nominal GDP in 2006 and in 2007 and the percentage increase in nominal GDP between 2006 and 2007.

Reference no: EM13159283

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