How is the GDP deflator is calculated. What will be an ideal ...

[leo leo]

How is the GDP deflator is calculated.
 
  What will be an ideal response?

Question 2

On a time-series graph with a ratio scale
 
  A) the slope of the line is negative when the level of the variable is rising.
  B) the same distance along the vertical axis measures different amounts of the variable.
  C) time is plotted on the vertical axis rather than the horizontal axis.
  D) it is impossible to determine a trend.

[shewald78]

Answer to Question 1

The GDP deflator equals 100 times the nominal GDP divided by real GDP, or in terms of symbols, the GDP deflator equals (100 )  (nominal GDP)  (real GDP).

Answer to Question 2

B

[leo leo]

Great answer, keep it coming

[Jossy]

Thanks for the timely response, appreciate it