How is the GDP deflator calculated? A. GDP deflator = Nominal GDP Real GDP x 100 B. GDP deflator = (Nominal GDP + Real GDP) × 100 C) GDP deflator = Real GDP Nominal GDP× 100 D. GDP deflator= (Nominal GDP - Real GDP) × 100
How is the GDP deflator calculated? A. GDP deflator = Nominal GDP Real GDP x 100 B. GDP deflator = (Nominal GDP + Real GDP) × 100 C) GDP deflator = Real GDP Nominal GDP× 100 D. GDP deflator= (Nominal GDP - Real GDP) × 100
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter6: How Statisticians Measure Inflation
Section6.A: How Statisticians Measure Inflation
Problem 2TY
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How is the GDP deflator calculated?
A. GDP deflator = Nominal GDP Real GDP x 100
B. GDP deflator = (Nominal GDP + Real GDP) × 100
C) GDP deflator = Real GDP Nominal GDP× 100
D. GDP deflator= (Nominal GDP - Real GDP) × 100
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