Ans. A $90,000
Nominal GDP= $99,000 and GDP deflator= 110 and Real GDP=?
GDP deflator = (Nominal GDP/ Real GDP) x 100
110 = ( $99,000/Real GDP) x 100
Real GDP = ($99,000/ 110) x 100
= $90,000
1. Suppose nominal GDP is S99,000 and the GDP deflator is 110. Real GDP is: A...
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