Solved

If a Small Country Has Current Nominal GDP of $20

Question 192

Multiple Choice

If a small country has current nominal GDP of $20 billion and a GDP deflator of 50,what is its real GDP?

A) $100 billion
B) $40 billion
C) $10 billion
D) $4 billion

Related Questions

Q21: Suppose that twenty-five years ago a country

Q44: An increase in nominal U.S. GDP necessarily

Q88: A Minnesota farmer buys a new tractor

Q187: National income is defined as<br>A)GDP minus losses

Q190: Table 23-1. The data pertain to the

Q191: Consumption consists of spending by households on

Q195: Tyler and Camille both live in Oklahoma.A

Q196: If GDP is higher in one country

Q197: The U.S.government pays an economist at the

Q218: GDP is defined as the market value