Table 8-19

-Refer to Table 8-19.Given the information above,calculate the GDP deflator in 2018.
A)114
B)105
C)95
D)87

Question

Table 8-19
 
-Refer to Table 8-19.Given the information above,calculate the GDP deflator in 2018.
A)114 
B)105 
C)95 
D)87

Quizplus · Accepted Answer

The GDP deflator is calculated as (Nominal GDP / Real GDP) * 100. Without the specific numbers from Table 8-19, we can't perform the exact calculation. However, given the correct answer is A) 114, it suggests that the nominal GDP is 14% higher than the real GDP in 2018, indicating inflation over the base year.

Table 8-19 -Refer to Table 8-19.Given the Information Above,calculate the GDP Deflator