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If the GDP deflator is greater than 100, then

CroweN6459

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If the GDP deflator is greater than 100, then

Question 1.

If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is

▸ 48.

▸ 75.

▸ 133.33.

▸ 480.

Question 2.

If the GDP deflator is greater than 100, then

▸ nominal GDP is greater than real GDP.

▸ nominal GDP is lower than real GDP.

▸ nominal GDP equals real GDP.

▸ prices decreased by more than half between the current and the base years.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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n00835996

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More solutions for this book are available here

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CroweN6459 Author

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4 years ago

Thanks

courtneyrmcd

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Thanks for your help!!

gage

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Helped a lot

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