The table below shows total output for an economy over 2 years.
TABLE 20-5
-Refer to Table 20-5.If 2015 is the base year,the GDP deflator in 2015 was

Name: The table below shows total output for an economy over 2 years. TABLE 20-5 -Refer to Table 20-5.If 2015 is the base year,the GDP deflator in 2015 was
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Question

The table below shows total output for an economy over 2 years.
  TABLE 20-5
-Refer to Table 20-5.If 2015 is the base year,the GDP deflator in 2015 was

Quizplus · Accepted Answer

The GDP deflator is the ratio of nominal GDP to real GDP, expressed as a percentage. In the base year, real GDP and nominal GDP are equal, so the GDP deflator is 100.

The Table Below Shows Total Output for an Economy Over