Question 43 The GDP deflator is the ________. A. difference between real GDP and nominal GDP...

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Question

Question 43

The GDP deflator is the ________.

A. difference between real GDP and nominal GDP multiplied by 100

B. difference between nominal GDP and real GDP divided by 100

C. ratio of real GDP to nominal GDP multiplied by 100

D. ratio of nominal GDP to real GDP multiplied by 100

BAM223 - PRINCIPLES OF ECONOMICS

Answer 1

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Answer #1

ANSWER:

The correct answer is option d that is ratio of nominal gdp to real gdp multiplied by 100. (formula)

Answer 2

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