If real GDP in a particular year is $80 billion and nominal GDP is $240 billion,...

Question

Question

If real GDP in a particular year is $80 billion and nominal GDP is $240 billion, the value of the GDP deflator for that year is:

Select one:

a. 100

b. 200

c. 240

d. 300

e. 333

Answer 1

Answer #1

Ans : 300

GDP deflator = Nominal GDP / Real GDP × 100

= 240/ 80 × 100

= 300

Answer 2

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