Table 19-15

-Refer to Table 19-15. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2017 equals

Name: Table 19-15 -Refer to Table 19-15. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2017 equals
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Question

Table 19-15
 
-Refer to Table 19-15. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2017 equals

Quizplus · Accepted Answer

The GDP deflator is calculated as (Nominal GDP / Real GDP) * 100. The correct choice is based on the given data for 2017.

Table 19-15 -Refer to Table 19-15. Consider the Following Data on Nominal