The GDP price index in the United States in 2003was about 94,and real GDP in 2003was $11.6trillion (2005 dollars). The GDP price index in the United States in 2007was about 106,and real GDP in 2007was $13.0trillion (2005 dollars). Calculate nominal GDP in 2003and in 2007and the percentage increase in nominal GDP between 2003and 2007.>>> Answer below to 1 decimal place.
Nominal GDP in 2003 is ________
Nominal GDP in 2007 is ________.
The percentage increase in the nominal GDP between 2003and 2007 is _______________.