nominal GDP, real GDP, and potential real GDP from FRED* for the third quarter third quarter of 2018
The following table contains data for nominal GDP, real GDP, and potential real GDP from FRED* for the third quarter third quarter of 2018
A variable identified as nominal is measured in current dollars.
Using the data above, calculate the following: (Enter your responses rounded to two decimal places.)
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The GDP deflator is _____
Relative to potential real GDP, real GDP is ______ percent above above potential real GDP. ATTACHMENT PREVIEW
