Multiple Choice
If GDP was $10 trillion in 2001 and the GDP deflator was 100 in 2000 and 110 in 2001, what was real GDP?
A) $9.09 trillion
B) $10 trillion
C) $11.1 trillion
D) $110.0 trillion
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q282: Governments that run budget deficits benefit from
Q283: Dave brags to his dad that his
Q284: The consumer price index measures the average
Q285: Most economists believe that the consumer price
Q286: Underemployed workers have the desire and ability
Q288: The goal of unemployment policy is to
Q289: To keep prices steady, the rate of
Q290: (Table) According to the table, the GDP
Q291: A passive job search<br>A) entails merely talking
Q292: Why and how are series of data