jco3
12/05/09, 09:19 AM
Okay, guys this may seem simple to some, but it's stumped me for a while. Here it goes:
I have the nominal GDP for 2007: 258.1 billion
I have the nominal year for 2008: 264.8 billion
The Real GDP Growth rate is: 2.6%
The Inflation rate for 2007 is: 2.9%
The Inflation rate for 2008 is: 6.3%
using these numbers, how the hell do i find the Real GDP for 2008...? I thought I knew how to get the Real GDP, but have suddenly forgotten. Any help would be awesome. Help me guys/girls!
I have the nominal GDP for 2007: 258.1 billion
I have the nominal year for 2008: 264.8 billion
The Real GDP Growth rate is: 2.6%
The Inflation rate for 2007 is: 2.9%
The Inflation rate for 2008 is: 6.3%
using these numbers, how the hell do i find the Real GDP for 2008...? I thought I knew how to get the Real GDP, but have suddenly forgotten. Any help would be awesome. Help me guys/girls!