Table 19-19

-Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2017.

Name: Table 19-19 -Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2017.
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Question

Table 19-19
 
-Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2017.

Quizplus · Accepted Answer

The GDP deflator is calculated by dividing nominal GDP by real GDP and then multiplying by 100. If the nominal GDP is higher than the real GDP, the deflator will be above 100, indicating inflation.

Table 19-19 -Refer to Table 19-19. Given the Information Above, Calculate the Information