deeppatel725 deeppatel725
  • 20-06-2020
  • Social Studies
contestada

Nominal GDP in a given year is $1.2 trillion, real GDP in the same year is $1.1
trillion. The GDP Deflator is:
1.0909
109.09
O 0.916
91.66

Respuesta :

adefioyelaoye
adefioyelaoye adefioyelaoye
  • 26-06-2020

Answer:

109.9

Explanation:

GDP deflator is the calculation of the new prices of all the goods and services produced domestically in a given year.

GDP deflator is calculated by the division of the nominal GDP by the Real GDP and multiplying by 100.

GDP deflator = Nominal GDP/Real GDP*100

This translates to 1.2 trillion dollars/1.1 trillion dollars which will give 1.0909

The 1.0909 is then multiplied by 100 to give 109.9.

Answer Link

Otras preguntas

solve for t d=(1/2) at^2
what is the meaning of vague and a sentence on that.
Walters savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?
A fair coin is tossed 5 times. What is the probability of obtaining exactly 3 heads.
what is the function of lissome?
State whether the equation is a linear equation in one variable or not. –2x(–2 – x) = x + 1
how do you calculate the circumference of a circle
if a+b+c=0 for a,b,c then prove a²/bc+b²/ca+c²/ab=3.
Newspaper headlines don’t follow the rules of grammar. Do you agree? Substantiate your arguments with proper evidences.
how can the boiling point of a liquid be raised without adding soluble impurity?