Solved

Nominal GDP Is $10 000 Billion in 2008,but Real GDP

Question 86

Multiple Choice

Nominal GDP is $10 000 billion in 2008,but real GDP is only $9000 billion.What is the GDP deflator equal to?

A) The GDP deflator is equal to 90.
B) The GDP deflator is equal to 100.
C) The GDP deflator is equal to 111.
D) The GDP deflator is equal to 119.

Related Questions

Q81: What calculation gives the best indication of

Q83: In what way does nominal GDP differ

Q84: Which of the following examples would NOT

Q85: What is the Consumer Price Index used

Q87: What is the definition of consumption?<br>A)the purchase

Q88: Which of the following actions will lead

Q89: Under the expenditure approach to GDP accounting,which

Q91: Which of the following accurately describes GDP?<br>A)the

Q92: In the simple circular flow model of

Q118: Real GDP per capita increases if the