According to the ONS, United Kingdom National Accounts (2003 edition), GDP at current market prices was £994 309 in 2001 and £1 099 896 in 2003. The implicit GDP deflator was 100.0 in 2001 and 106.3 in 2003. Calculate real and nominal growth in GDP for 2002 and 2003.
Instructions: Round your answers to two decimal places. ( I have my own answers but want to compare with what you guys get).
I need all figures for the "Xs" only.
Year Nominal GDP GPD Deflator Real GDP
2001 x x y
2003 x x y
Growth x x x
pls refer to the attached image for the correct location of the Xs
Instructions: Round your answers to two decimal places. ( I have my own answers but want to compare with what you guys get).
I need all figures for the "Xs" only.
Year Nominal GDP GPD Deflator Real GDP
2001 x x y
2003 x x y
Growth x x x
pls refer to the attached image for the correct location of the Xs
Attachments
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