Table 8-19

-Refer to Table 8-19.Given the information above,calculate the GDP deflator in 2012.

Name: Table 8-19 -Refer to Table 8-19.Given the information above,calculate the GDP deflator in 2012.
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Question

Table 8-19
 
-Refer to Table 8-19.Given the information above,calculate the GDP deflator in 2012.

Quizplus · Accepted Answer

The GDP deflator is calculated as (Nominal GDP/Real GDP) x 100. Without specific values from Table 8-19, the correct choice is based on typical calculations where the GDP deflator is slightly above 100 if nominal GDP is higher than real GDP, indicating inflation.

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