Answered: If nominal GDP is $5 trillion and real…

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If nominal GDP is $5 trillion and real GDP is $4 trillion, the GDP deflator is: 12.5. 125.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section7.4: Real Gdp

Problem 1ST

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Question

If nominal GDP is $5 trillion and real GDP is $4
trillion, the GDP deflator is:
12.5.
125.
80.
800.

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