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exteesy07 exteesy07
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The GDP Deflator


YearNominal GDPReal GDP
   1$16,022$15,732
   216,59016,018
   316,87016,425
   417,58016,909
Refer to the table. Consider the data in the table on nominal GDP and real GDP (values are in billions of dollars). The GDP deflator for Year 3 equals ________. (Round to the nearest tenth.)

▸ 102.7

▸ 96.6

▸ 198.6

▸ 1
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Macroeconomics


Edition: 3rd
Authors:
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olsondiolsondi
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102.7

The GDP deflator for Year 3 is calculated as: (nominal GDP in year 3 / real GDP in year 3) x 100.
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