If the GDP deflator is 200 and nominal GDP is $1 trillion billion, what is real GDP?

Name: If the GDP deflator is 200 and nominal GDP is $1 trillion billion, what is real GDP?
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Question

Quizplus · Accepted Answer

Real GDP can be calculated by dividing nominal GDP by the GDP deflator, and then multiplying by 100.

Real GDP = (Nominal GDP / GDP deflator) x 100
Real GDP = ($1 trillion / 200) x 100
Real GDP = $500 billion

Therefore, the answer is choice C.

If the GDP Deflator Is 200 and Nominal GDP Is