Multiple Choice
The GDP deflator is the
A) difference between real GDP and nominal GDP multiplied by 100.
B) difference between nominal GDP and real GDP divided by 100.
C) ratio of real GDP to nominal GDP multiplied by 100.
D) ratio of nominal GDP to real GDP multiplied by 100.
Correct Answer:

Verified
Correct Answer:
Verified
Q45: Which of the following is counted in
Q46: What is the largest component of spending
Q47: Because workers in the United States work
Q48: Table 8-18<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-18
Q49: Value added equals the market price of
Q51: Table 8-18<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-18
Q52: The informal sector can be a significant
Q53: If the quantity of goods and services
Q54: If nominal GDP rises we can say
Q55: Caroline is an artist.She purchases canvases,paints,brushes,and accessories