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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 95 times)

jrobl3

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on: Nov 23, 2022

Question 1

The GDP Deflator


YearNominal GDPReal GDP
   1$16,067​$15,746​
   216,590​15,988​
   316,801​16,408​
   417,468​16,888​
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
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jrobl3 on Nov 23, 2022

Spike8502

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Reply #1 on: Nov 23, 2022
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jrobl3

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

Perkypinki

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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