If the GDP deflator is $98 billion and the nominal GDP is $1960 billion, then the real GDP is:
A)$2000 billion
B)$20 billion
C)$5 billion
D)$192 080 billion

Name: If the GDP deflator is $98 billion and the nominal GDP is $1960 billion, then the real GDP is: A)$2000 billion B)$20 billion C)$5 billion D)$192 080 billion
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Quizplus · Accepted Answer

The real GDP is calculated by dividing the nominal GDP by the GDP deflator (in its index form, which is the deflator divided by 100). So, $1960 billion / (98/100) = $2000 billion.

If the GDP Deflator Is $98 Billion and the Nominal