Table 1 Shows the Following Amounts for the Years 2009Prices in $Billions
What Is the GDP Deflator for the to 2011

Question

Table 1 Shows the Following Amounts for the Years 2009Prices in $Billions 
What Is the GDP Deflator for the to 2011

Examlex · Accepted Answer

The Answer is GDP Deflator =

\frac { ext { Nominal GDP } } { ext { Real GDP } } * 1000

GDP DefL₂009 =

\frac { \$ 500 } { \$ 500 } * 1000

= 1000
GDP DefL₂010=

\frac { \$ 600 } { \$ 545.5 } * 1000

= 1100
GDP DefL₂011=

\frac { \$ 720 } { \$ 600 } * 1000

= 1200

Table 1 Shows the Following Amounts for the Years 2009