1. Table 7.5 Calculating real GDP
mcconnell brue
Table 7.5
Calculating real GDP

2. Year
Units Of
Output
Price of
Pizza
Per unit
Price index
Year 1=100
Unadjusted or
Nominal GDP
Adjusted or
Real GDP 1 5
$10
100
$50 2 7 20
200
140 70 3 8 25
250 80 4 10 30 11 28

3. Year
Units Of
Output
Price of
Pizza
Per unit
Price index
Year 1=100
Unadjusted or
Nominal GDP
Adjusted or
Real GDP 1 5
$10/10
100
$50 2 7
20/10
200
140 70 3 8
25/10
250 80 4 10
30/10
300 11
28/10
280

4. Year
Units Of
Output
Price of
Pizza
Per unit
Price index
Year 1=100
Unadjusted or
Nominal GDP
Adjusted or
Real GDP 1 5
$10
100
5*10=
$50 2 7 20
200
7*20=
140 70 3 8 25
250
8*25= 80 4 10 30
10*30=
300 11 28
11*28=
308

5. Year
Units Of
Output
Price of
Pizza
Per unit
Price index
Year 1=100
Unadjusted or
Nominal GDP
Adjusted or
Real GDP 1 5
$10
100
$50
50/1= 2 7 20
200
140
140/2= 70 3 8 25
250
200/2.5= 80 4 10 30
300
10*30=
300/3= 11 28
280
11*28=
308
308/2.8=
110