Problem
GDP rises from $5 trillion in 1996, the base year, to $9 trillion in 2007, the current year. The GDP deflator is 150. Find real GDP in 2007. Find the percentage increase in real GDP between 1996 and 2007.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.