Assume the table shown displays the total output and prices of the only two goods produced in a small economy. What is the value of the GDP deflator in 2020 (rounded to the nearest whole number) ?
A) 135
B) 74
C) 109
D) 105
Correct Answer:
Verified
Q77: Net exports will be negative if:
A) imports
Q78: If consumption is $6 trillion, investment is
Q79: Net exports equal:
A) total exports plus total
Q80: Using the income approach, what is the
Q81: Nominal GDP captures changes in:
A) the overall
Q83: Is it possible to have a GDP
Q84: GDP per capita:
A) paints a picture of
Q85: According to annual price deflator information (https://fred.stlouisfed.org)
Q86: If a country's real GDP increases from
Q87: Economists generally use real GDP as a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents