(Table: GDP II) Use Table: GDP II. Calculate the GDP deflator for 2018. $$\begin{array} { | l | l | l | }
\hline & \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 9 } \
\hline \text { Nominal GDP } & 400 & 500 \
\hline \text { Real GDP } & 360 & 480 \
\hline
\end{array}$$
A)111.
B)111
C)104.
D)104
E)90.
F)90
G)96
H)96.

Question

(Table: GDP II) Use Table: GDP II. Calculate the GDP deflator for 2018. $$\begin{array} { | l | l | l | } 
\hline & \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 9 } \
\hline \text { Nominal GDP } & 400 & 500 \
\hline \text { Real GDP } & 360 & 480 \
\hline
\end{array}$$
A)111.
B)111
C)104.
D)104
E)90.
F)90
G)96
H)96.

Quizplus · Accepted Answer

The GDP deflator is calculated as (Nominal GDP / Real GDP) * 100. For 2018, it is (400 / 360) * 100 = 111.11, which rounds to 111.

(Table: GDP II) Use Table: GDP II A)111 B)111 C)104

(Table: GDP II) Use Table: GDP II A)111
B)111
C)104