Solved

Table 19-12 -Refer to Table 19-12.Consider the Following Data on Nominal GDP

Question 55

Multiple Choice

Table 19-12
Table 19-12 -Refer to Table 19-12.Consider the following data on nominal GDP and real GDP (values are in billions of dollars) : The GDP deflator for 2010 equals A) 94.1. B) 105.1. C) 106.2. D) 108.5.
-Refer to Table 19-12.Consider the following data on nominal GDP and real GDP (values are in billions of dollars) : The GDP deflator for 2010 equals


A) 94.1.
B) 105.1.
C) 106.2.
D) 108.5.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q53: Table 19-13<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2849/.jpg" alt="Table 19-13

Q73: A sharp increase in the divorce rate

Q81: Real GDP will increase<br>A)only if the price

Q89: The GDP deflator in year 2 is

Q93: The purchase of a new automobile is

Q97: In the circular flow model,the value of

Q131: When consumers are less confident about their

Q186: Gross domestic product understates the total production

Q193: The factors of production include<br>A)wages.<br>B)capital.<br>C)investment.<br>D)transfers.

Q224: High-income countries such as the United States