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Author Question: If the GDP deflator is greater than 100, then (Read 68 times)

justinmsk

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Question 1

If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is


◦ 48.
◦ 75.
◦ 133.33.
◦ 480.

Question 2

If the GDP deflator is greater than 100, then


◦ nominal GDP is greater than real GDP.
◦ nominal GDP is lower than real GDP.
◦ nominal GDP equals real GDP.
◦ prices decreased by more than half between the current and the base years.


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Marked as best answer by justinmsk on Apr 19, 2019

Meganchabluk

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justinmsk

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TY



Meganchabluk

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You're welcome



 

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