In 2010, nominal GDP was $14.6 trillion and the GDP deflator was 110.6. What was real GDP for that year?
A) $16.1 trillion
B) $14.3 trillion
C) $12.1 trillion
D) $13.2 trillion

Name: In 2010, nominal GDP was $14.6 trillion and the GDP deflator was 110.6. What was real GDP for that year? A) $16.1 trillion B) $14.3 trillion C) $12.1 trillion D) $13.2 trillion
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Question

Quizplus · Accepted Answer

Real GDP = Nominal GDP/GDP deflator 
Real GDP = $14.6 trillion/110.6 
Real GDP = $132.06 billion or $13.2 trillion

In 2010, Nominal GDP Was $14