In 1988 the us gross domestic product gdp increased to 490, Financial Accounting

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In 1988 the us gross domestic product gdp increased to 490

In 1988 the US gross domestic product (GDP) increased to $4.90 trillion in actual escalated dollar values. In the same year, the consumer price index rose approximately 4%. What was the escalated (current) dollar percent increase in GDP? What was the constant (real) dollar percent increase in GDP?

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Financial Accounting: In 1988 the us gross domestic product gdp increased to 490

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Financial Accounting: In 1988 the us gross domestic product gdp increased to 490

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