If nominal GDP in 2001 is $9 trillion,and 2001 real GDP in 1996 prices is $6 trillion,the GDP deflator price index is

Name: If nominal GDP in 2001 is $9 trillion,and 2001 real GDP in 1996 prices is $6 trillion,the GDP deflator price index is
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The GDP deflator price index is calculated as (Nominal GDP/Real GDP in a given year) × 100.

So, the GDP deflator in 2001 would be (9 trillion/6 trillion) × 100 = 150.

Therefore, the best choice is C, which corresponds to a GDP deflator of 150.

If Nominal GDP in 2001 Is $9 Trillion,and 2001 Real