Solved

If in Some Year Nominal GDP Was $40 Billion and the GDP

Question 35

Multiple Choice

If in some year nominal GDP was $40 billion and the GDP deflator was 70, what was real GDP?

A) $110.0 billion
B) $175.0 billion
C) $57.1 billion
D) $30.0 billion

Related Questions

Q30: In 2011 a country had a real

Q31: Identify the immediate effect of each of

Q32: Explain why it is the case that

Q33: GDP excludes the value of intermediate goods

Q34: In 2015, government purchases were the largest

Q36: Calculate GDP for a country with investment

Q37: Table 23-3<br>The following table reports nominal

Q38: Table 23-1<br>The following table contains data

Q39: The overall effect of accounting for purchases

Q40: A recession has traditionally been defined as