Question: The GDP deflator is calculated using OA. Nominal GDP Real GDP 100 OC. Constant Dollar GDP Current Dollar GDP 100 B. Real GDP Nominal
The GDP deflator is calculated using OA. Nominal GDP Real GDP 100 OC. Constant Dollar GDP Current Dollar GDP 100 B. Real GDP Nominal GDP x 100 OD. Real GDP-Nominal GDP x 100 Nominal GDP Suppose for the year 2013 the economy of Uplandia has a nominal GDP of $6,000 billion and a real GDP of $4,500 billion. For 2013, this economy's GDP deflator is. (Round your response to one decimal place.) Now suppose the GDP deflator in 2012 was 121.3. Uplandia's year-over-year inflation rate is percent. (Round your response to one decimal place.) 4
Step by Step Solution
3.44 Rating (154 Votes )
There are 3 Steps involved in it
The GDP deflator is calculated using the formula GDP deflator Nominal GDP Real ... View full answer
Get step-by-step solutions from verified subject matter experts
