Suppose that since some base year the the price index or, Microeconomics

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Suppose that since some base year the the price index or

Suppose that since some base year, the the price index (or GDP deflator) has increased from 100 to 125. During the same time period, NOMINAL GDP has increased from $500 billion to $600 billion. What is the value of REAL GDP at the end of this period -expressed in base-year dollars of value? Real GDP = $_____ billion base-year dollars [Answer with a 3-digit number only, please]

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Microeconomics: Suppose that since some base year the the price index or

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Microeconomics: Suppose that since some base year the the price index or

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