The table above has real and nominal GDP for two years for a foreign country.
|
GDP
|
Data for 2010
|
Data for 2010
|
|
Nominal GDP
|
3,300
|
4,200
|
|
Real GDP
|
3,300
|
3,600
|
a. What does the GDP price index equal in 2010? What does the value of the GDP price index tell you about 2010?
b. What does the GDP price index equal in 2011?