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Answer :
Final answer:
To calculate Real GDP using 2012 prices, divide the nominal GDP by the implicit price deflator. Real GDP adjusted for inflation allows comparison of economic performance over time. So the correct option is D) 2012: 8.37 trillion, 2013: 9.15 trillion, 2014: 8.72 trillion.
Explanation:
Real GDP in Britannica using 2012 prices for each of the three years can be calculated by dividing the nominal GDP by the implicit price deflator. Real GDP provides a measure of economic output adjusted for inflation to compare economic performance over time.
For example, Real GDP in 2013 = 8.72 trillion / 839.6 index points, which gives $10.38 trillion. By applying the same calculation to the given GDP values for each year, the correct answer can be determined.
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