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Author Question: The GDP DeflatorIf nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is ... (Read 87 times)

jrobl3

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Question 1

The GDP Deflator


YearNominal GDPReal GDP
   1$16,067$15,746
   216,59015,988
   316,80116,408
   417,46816,888
Refer to the table. Consider the data in the table on nominal GDP and real GDP (values are in billions of dollars). The GDP deflator for Year 4 equals ________. (Round to the nearest tenth.)
◦ 103.4
◦ 96.7
◦ 1
◦ 220.8

Question 2

The GDP Deflator

If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is ________. (Round to the nearest tenth.)
◦ 133.3
◦ 0.8
◦ 75
◦ 0


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Marked as best answer by jrobl3 on Nov 23, 2022

Spike8502

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jrobl3

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)


billybob123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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