Posted by Ella on Tuesday, September 23, 2008 at 5:08pm.
ok, start with the given Real GDP in 2001. Deflate this to 2000 dollars using the stated inflation rate of 2.4%
Real 01 GDP in 2000 dollars=9891/1.024=9659.18
Next calculate real growth in GDP between 2000 and 2001. Growth GDP = (real GDP01)/(real GDP00) = 9659.18/9817.00 = 0.9839
Finally, Nominal GDP in 2001 is (Nominal GDP00)*inflation*(real growth in GDP) = 9817 * 1.024 * 0.9839 =9890.76
GDP deflator is (nominal GDP)/(real GDP) = 9890.76/9891. = 1.0
Real GDP per cap is real GDP / pop = 9891/286.6 = 34.5
Ok, now you take it from here
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