If the GDP deflator in 2009 equals 1.25 and nominal GDP in 2009 equals $15 trillion, what is the value of real GDP in 2009?
A)$12 trillion
B)$12.5 trillion
C)$15 trillion
D)$18.75 trillion

Name: If the GDP deflator in 2009 equals 1.25 and nominal GDP in 2009 equals $15 trillion, what is the value of real GDP in 2009? A)$12 trillion B)$12.5 trillion C)$15 trillion D)$18.75 trillion
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Quizplus · Accepted Answer

Real GDP = Nominal GDP / GDP deflator= 15 trillion / 1.25= 12 trillion

If the GDP Deflator in 2009 Equals 1