Solved

If Real GDP in a Particular Year Is $80 Billion

Question 12

Multiple Choice

If real GDP in a particular year is $80 billion and nominal GDP is $240 billion,the value of the GDP deflator for that year is:

A) 100
B) 200
C) 240
D) 300
E) 333

Related Questions

Q7: At the economy's natural rate of unemployment:<br>A)the

Q8: Which of the following is least likely

Q9: Recently a labour union argued that the

Q10: Suppose that nominal GDP in 2006 was

Q11: Unanticipated inflation:<br>A)reduces the real burden of the

Q13: A lender need not be penalized by

Q14: If nominal GDP rises:<br>A)real GDP may either

Q15: During a period of unanticipated deflation:<br>A)debtors gain,

Q16: A country's consumer price index was 124.0

Q17: Suppose that a person's nominal income rises