macroeconomics
posted by Ella on .
Year  2000
Nominal GDP: 9,817
Real GDP: ___________
GDP Deflator: 1
Inflation 2.2
Real GDP Per capita: _________
Population 283.7
Year – 2001
Nominal GDP: ________
Real GDP: 9,891
GDP Deflator: _________
Inflation 2.4
Real GDP Per capita: _________
Population 286.6
Year 2003
Nominal GDP: _________
Real GDP: __________
GDP Deflator: 1.04
Inflation: __________
Real GDP Per capita: 37,450
Population: 289.5
Calculate the missing Data
Ok soo.. i think i figured out the first row, For the first one I got 9,817 for Real GDP and 34.60 for real GDP per capita but im stuck with the others

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