Multiple Choice
If the GDP deflator rises from 185 to 190, what is the percentage increase in the price level between the two years?
A) 270%
B) 50%
C) 5%
D) 2.7%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q71: Why does inflation make nominal GDP a
Q89: Which of the following is not one
Q90: Gross national income (GNI)is defined as the
Q91: Nominal GDP is GDP measured in current
Q92: Debbie makes porcelain plates in her home
Q93: What is usually the smallest component of
Q95: If prices are rising on average, then
Q96: A truck that is produced in 2018
Q97: An example of a 'final good' would
Q99: GDP is not a perfect measure of