Knowee
Questions
Features
Study Tools

f the nominal GDP = $352b and real GDP = $320b, what is the value of the GDP deflator?Multiple choice question.–9%1109110%

Question

f the nominal GDP = 352bandrealGDP=352b and real GDP = 320b, what is the value of the GDP deflator?Multiple choice question.–9%1109110%

🧐 Not the exact question you are looking for?Go ask a question

Solution

The GDP deflator can be calculated using the formula:

GDP Deflator = (Nominal GDP / Real GDP) x 100

Substituting the given values into the formula:

GDP Deflator = (352b/352b / 320b) x 100

GDP Deflator = 1.1 x 100 = 110

So, the value of the GDP deflator is 110. The answer is 110.

Similar Questions

he GDP deflator = nominal GDP/______ x 100Multiple choice question.the unemployment ratepopulationreal GDPthe consumer price index

The GDP of a country's economy in 2020 (base year) is 400 billion yuan. If the GDP deflator in 2021 is 300 and real GDP increases by 30%, what is the nominal GDP in 2021?

Q 12. Using the following information, calculate and analyse the value of Gross Domestic Product (GDP)deflator: [2]Year 2014-15 2016-17Nominal GDP 6.5 9Real GDP 6.5 7.

f GDP is $15 trillion and the population is 300 million, then the GDP per capita is Blank______.Multiple choice question.$5,000$4,500,000$50,000$50

What is Sri Lanka's GDP deflator if its nominal GDP is $88.9 billion (in current US$) and the real GDP is $59.34 billion?Group of answer choices100.066.7136.5148.2149.8

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.