For the year 2005, nominal GDP is $10 billion and real GDP is $11 billion, so the GDP deflator is 110.

Name: For the year 2005, nominal GDP is $10 billion and real GDP is $11 billion, so the GDP deflator is 110.
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The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100. In this case, dividing $10 billion by $11 billion and multiplying by 100 gives a GDP deflator of 90.91 (rounded to two decimal places).

For the Year 2005, Nominal GDP Is $10 Billion and Real