If real GDP in a particular year is $80 billion and nominal GDP is $240 billion,the value of the GDP deflator for that year is:
A) 100
B) 200
C) 240
D) 300
E) 333
Correct Answer:
Verified
Q10: During a period of unanticipated deflation:
A)debtors gain,
Q11: Unanticipated inflation:
A)arbitrarily "taxes" fixed-income groups
B)increases the real
Q12: If a price index rises from one
Q13: The rate of inflation can be found
Q14: If the consumer price index rises from
Q16: A lender need not be penalized by
Q17: Recently a labour union argued that the
Q18: Suppose that a person's nominal income rises
Q19: Which of the following statements is correct?
A)Real
Q20: Suppose that a person's nominal income rises
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