In 2010, real GDP was $13.2 trillion and nominal GDP was $14.6 trillion. What was the GDP deflator for that year?
A) 90.4
B) 192.7
C) 110.6
D) There is not enough information to calculate the GDP deflator.

Name: In 2010, real GDP was $13.2 trillion and nominal GDP was $14.6 trillion. What was the GDP deflator for that year? A) 90.4 B) 192.7 C) 110.6 D) There is not enough information to calculate the GDP deflator.
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Question

Quizplus · Accepted Answer

GDP deflator = (Nominal GDP/Real GDP) x 100
GDP deflator = (14.6/13.2) x 100 = 110.6

In 2010, Real GDP Was $13