Solved

If Nominal GDP Is $10 Trillion and Real GDP Is

Question 20

Multiple Choice

If nominal GDP is $10 trillion and real GDP is $11 trillion, the GDP deflator is:

A) 91.
B) 100.
C) 111.
D) 121.

Related Questions

Q15: Gross domestic product equals the sum of

Q16: Refer to the table shown.

Q17: Given the following information that includes

Q18: Which of the following is not included

Q19: If an economy produces 100 pencils valued

Q21: The relationship between real and nominal interest

Q22: The distinction between consumption and investment is:<br>A)that

Q23: Inflation is a sustained rise in the

Q24: If the prices used in two countries

Q25: In what category of national income accounting