Posted by
**Isis** on
.

Ok so this probably seems easy but I am not sure how to work these. We are given a table with data

Price Paper Price

2010 2 100 2.5

2011 3 125 3

2012 4 150 3.5

we are usig 2011 as base year

a) what is nomial GDP?

b) Real GDP?

c) GDP Price Index

d) CPI

Is nomial just multiplying the 2 numbers?

Price index divide by base year and multiply by 100?

I am not sure how to determine the others.

Thanks for any help?