Answered

Given a Real GDP of $5,000 and a Nominal GDP of $5,500, calculate the GDP
deflator. Round your answer to the nearest tenth if necessary. (1 point)
O 1.1
O 0.9
110
90.9

Given A Real GDP Of 5000 And A Nominal GDP Of 5500 Calculate The GDP Deflator Round Your Answer To The Nearest Tenth If Necessary 1 Point O 11 O 09 110 909 class=

Answer :

Answer: it’s 110

Explanation: 5500/5000* 100

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Assuming  Real GDP is  $5,000 and a Nominal GDP is $5,500, the GDP deflator is 110.

GDP deflator

Using this formula

GDP deflator=Nominal GDP/Real GDP×100

Where:

Nominal GDP=$5500

Real GDP=$5000

Let plug in the formula

GDP deflator=$5500/$5000×100

GDP deflator=110

Inconclusion if Real GDP is  $5,000 and a Nominal GDP is $5,500, the GDP deflator is 110.

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