The GDP deflator is the
A) difference between real GDP and nominal GDP multiplied by 100.
B) difference between nominal GDP and real GDP divided by 100.
C) ratio of real GDP to nominal GDP multiplied by 100.
D) ratio of nominal GDP to real GDP multiplied by 100.
Correct Answer:
Verified
Q161: Table 8-14 Q162: Table 8-15 Q163: If nominal GDP is $5 trillion and Q164: The _ is a measure of the Q165: If prices are rising on average,then Q167: The GDP deflator is a measure of Q168: In periods when prices are falling,on average, Q169: The measure of production that values output Q170: If real GDP increases we know for Q171: If nominal GDP exceeds real GDP for
A)real GDP
A)real
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents