if-the-nominal-gdp-in-year-1-is-500-billion-and-the-real-gdp-is-450-billion-what

Question

If the nominal GDP in year 1 is $500 billion and the real GDP is $450 billion, what is the GDP deflator for year 1?

Accepted Answer

111.11

Answer

100

Answer

90

Answer

105

If the nominal GDP in year 1 is \$500 billion and the real GDP is \$450 billion, what is the GDP deflator for year 1?