Nominal GDP Real GDP 2011 $13,195 billion $11,319 billion 2012 $13,841 billion $11,567 billion 2011,the value...

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Nominal GDP Real GDP 2011 $13,195 billion $11,319 billion 2012 $13,841 billion $11,567 billion 2011,the value of the GDP deflator is Enter your response rounded to the nearest whole number)

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Answer 1

Answer #1

Answer - The value of GDP deflator in 2011 is 117

Reason -

GDP deflator = Nominal GDP ÷ Real GDP * 100

= 13195 ÷ 11319 * 100

= 116.57 OR 117 (rounded off)

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Answer 2

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Nominal GDP Real GDP 2011 $13,195 billion $11,319 billion 2012 $13,841 billion $11,567 billion 2011,the value...

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Homework Answers

Add Answer to: Nominal GDP Real GDP 2011 $13,195 billion $11,319 billion 2012 $13,841 billion $11,567 billion 2011,the value...

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Nominal GDP Real GDP 2011 $13,195 billion $11,319 billion 2012 $13,841 billion $11,567 billion 2011,the value...