If nominal GDP is less than real GDP,then the GDP deflator will be greater than 100.

Name: If nominal GDP is less than real GDP,then the GDP deflator will be greater than 100.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

If nominal GDP is less than real GDP, it would signify that the overall price levels have decreased, which means the GDP deflator (which measures the inflation rate) would be less than 100.

If Nominal GDP Is Less Than Real GDP,then the GDP