If the GDP deflator rises from 185 to 190,what is the percentage increase in the price level between the two years?
A) 270 per cent
B) 50 per cent
C) 5 per cent
D) 2.7 per cent
Correct Answer:
Verified
Q103: The economic growth rate is measured using:
A)nominal
Q105: The GDP deflator only measures the prices
Q106: Refer to Table 12.2 for the following
Q107: An increase in the price level of
Q109: If the GDP deflator is 142,by how
Q112: Under what circumstances would the GDP deflator
Q112: The _ is a measure of the
Q114: If nominal GDP is less than real
Q115: Refer to Table 12.2 for the following
Q118: The economic growth rate is calculated as
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