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AP Macroeconomics 2.6: Real versus Nominal GDP

Distinguish nominal and real GDP, calculate real GDP and the GDP deflator, and use base-year prices to compare output over time.

Syllabus
Effective Fall 2025
Course
AP Macroeconomics

Covered syllabus points

MEA-1.I—Define nominal GDP and real GDPMEA-1.J—Calculate real GDP and the GDP deflator

2.6 Real v. Nominal GDP question 1

[Maximum number: 2]

The table provided shows the quantities and unit prices of shirts, bread, and pants, the only

three goods produced in the country of Middleland in 2021 and 2022. Assume that 2021 was the

base year.

Table for Question 2.6 Real v. Nominal GDP question 1 — AP Macroeconomics

Question (a)

(a)

Was the real GDP in 2021 in Middleland greater than, less than, or equal to the nominal GDP

in 2021? Explain.

[ 1 ]

Question (b)

(b)

Calculate the real GDP in Middleland in 2022. Show your work.

[ 1 ]
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