# Devry Econ312 -The Gdp Price Index In The United States

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 _______________.

# DeVry ECON312 -The GDP price index in the United States

Question
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 _______________.