00:01
So we're giving a table that shows yes, real gdps, nominal gdp is gdp deflator and we're to fill in the blank.
00:10
So we're doing, i'll be drawing the table, but we're going to work the answers out.
00:17
So we have the year, we have the real gdp in $2 ,000.
00:27
We have the nominal gdp in current dollars.
00:35
And we have the gdp deflator.
00:45
So i'm just going to draw what this is.
00:47
Table shows us and then we'll work the rest 90, 90, 2000, 2010, 2020, and 2030.
01:03
For the real gdp we have 3 ,000, we have 5 ,000 and then we have three spaces, and then we have 10 ,000 and 20 ,000.
01:16
For the nominal gdp we have 1 ,200, we have a space, we have 6 ,000.
01:25
We have 8 ,000, we have 15 ,000.
01:29
We have a space and then we have 50 ,000.
01:34
For the gdp deflates all, we have a space, then we have 60, then we have 100, then we have a space.
01:48
Then we have 200, then we have a space.
01:53
So basically supposed to find the real gdp for the spaces that we have the nominal gdp for the space that we have and then the gdp deflator for the spaces that we have.
02:04
So to find this, we need to find the formulas, right? and the formula for gdp deflator, let's tell you there.
02:15
To get the gdp deflator, you need to get the nominal gdp and the real gdp...