If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is
A) 48.
B) 75.
C) 133.33.
D) 480.

Name: If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is A) 48. B) 75. C) 133.33. D) 480.
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Quizplus · Accepted Answer

The GDP deflator is the ratio of nominal GDP to real GDP multiplied by 100. Therefore, GDP deflator = (Nominal GDP/Real GDP) * 100 = ($8 trillion/$6 trillion) * 100 = 133.33.

If Nominal GDP Is $8 Trillion and Real GDP Is