Table 19-19

-Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2013.
A) 114
B) 105
C) 95
D) 87

Name: Table 19-19 -Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2013. A) 114 B) 105 C) 95 D) 87
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Question

Table 19-19
 
-Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2013.
A) 114 
B) 105 
C) 95 
D) 87

Quizplus · Accepted Answer

The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100. In 2013, nominal GDP was $17,322 billion and real GDP was $15,288 billion. Therefore, the GDP deflator was (17,322 / 15,288) * 100 = 113.3.

Table 19-19 -Refer to Table 19-19. Given the Information Above, Calculate the Information