THIS POSTING PRESENTS A SUMMARY OF THE GDP TRENDS.
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August 15, 2017Four Corners Strategy
August 15, 2017This posting presents a summary of the GDP trends.
This posting answers these inquiries: 1. Calculate real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? 2. Calculate the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase? 3. Now calculate real GDP for 2004 and 2005 using 2005 prices.
