Solved

In 2010, Nominal GDP Was $14

Question 172

Multiple Choice

In 2010, nominal GDP was $14.6 trillion and the GDP deflator was 110.6. What was real GDP for that year?

A) $16.1 trillion
B) $14.3 trillion
C) $13.2 trillion
D) $12.1 trillion

Related Questions

Q35: Real GDP is equal to nominal GDP

Q53: What data are needed to calculate GDP?<br>A)

Q81: A farmer's purchase of a new tractor

Q130: Gross domestic product (GDP)is the market value

Q161: The purchase of stocks and bonds is

Q170: Use the following to answer questions:

Q171: The factor income approach to calculating GDP

Q173: The calculation of GDP includes:<br>A) both goods

Q173: Since World War II, the long-term average

Q174: The largest spending component of GDP in