If the GDP deflator rises from 185 to 190, what is the percentage increase in the price level between the two years?
A) 270%
B) 50%
C) 5%
D) 2.7%
Correct Answer:
Verified
Q105: The GDP deflator only measures the prices
Q106: Refer to Table 4.2 for the following
Q107: Suppose that a very simple economy produces
Q109: An increase in the price level of
Q112: The _ is a measure of the
Q113: The 'GDP deflator' is equal to:
A)real GDP
Q114: If nominal GDP is less than real
Q115: Refer to Table 4.2 for the following
Q192: Under what circumstances would the GDP deflator
Q193: If the GDP deflator is 142,by how
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