If nominal GDP is $1 trillion and real GDP is $0.9 trillion,what is the GDP deflator?
A) 0.9
B) 1.43
C) 90
D) 143

Name: If nominal GDP is $1 trillion and real GDP is $0.9 trillion,what is the GDP deflator? A) 0.9 B) 1.43 C) 90 D) 143
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Quizplus · Accepted Answer

The GDP deflator is calculated as (Nominal GDP / Real GDP) * 100. So, ($1 trillion / $0.9 trillion) * 100 = 111.11. However, the closest option provided is 143, which seems to be a mistake in the options.

If Nominal GDP Is $1 Trillion and Real GDP Is