Table 4.21
-Refer to Table 4.21.Given the information above, calculate the GDP deflator in 2017.

Name: Table 4.21 -Refer to Table 4.21.Given the information above, calculate the GDP deflator in 2017.
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Question

Table 4.21 
-Refer to Table 4.21.Given the information above, calculate the GDP deflator in 2017.

Quizplus · Accepted Answer

The GDP deflator is calculated as (Nominal GDP / Real GDP) * 100. For 2017, if we assume the nominal GDP is higher than the real GDP, the deflator would be over 100, making 114 the only plausible choice given the options.

Table 4.21 -Refer to Table 4.21.Given the Information Above, Calculate the GDP