Nominal GDP Real GDP 2011 $13,295 billion $11,519 billion 2012 $14,041 billion $11,767 billion In 2011,...

Question

Question

Nominal GDP Real GDP 2011 $13,295 billion $11,519 billion 2012 $14,041 billion $11,767 billion In 2011, the value of the GDP deflator is(Enter your response rounded to the nearest whole number)

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Gdp deflator= nominal gdp*100/real gdp

= 13295*100/11519= 115.42

Thus gdp deflator= 115

Add a comment

Answer 2

Similar Homework Help Questions

Nominal GDP Real GDP 2011 $13,495 billion $11,919 billion 2012 $14,241 billion $12,007 billion In 2011,...

Nominal GDP Real GDP 2011 $13,495 billion $11,919 billion 2012 $14,241 billion $12,007 billion In 2011, the value of the GDP deflator is (Enter your response rounded to the nearest whole number.) In 2012, the value of the GDP deflator is (Enter your response rounded to the nearest whole number.)
Nominal GDP Real GDP 2011 $13,195 billion $11,319 billion 2012 $13,841 billion $11,567 billion In 2011,...

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

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)

Real vs. Nominal GDP Year Real GDP Nominal GDP GDP Deflator 1990 $1000 billion $950 billion...

Real vs. Nominal GDP Year Real GDP Nominal GDP GDP Deflator 1990 $1000 billion $950 billion 1995 $1200 billion $1200 billion 1998 $1500 billion 115 2000 $1750 billion 125 What is the base year? What is the value of the GDP Deflator in the base year? What is the value of the GDP Deflator in 1990? What is the value of Real GDP in 1998? What is the value of Nominal GDP in 2000?
Based on the table below, calculate nominal GDP real GDP, the GDP deflator, and the infation...

Based on the table below, calculate nominal GDP real GDP, the GDP deflator, and the infation rate in each year and fill in the missing parts of the table Use 2010 as the base year Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number Quantity Price of Quantity Price of Real GOP ($) GOP deflator Inflation rate (%) Year of orange of beach beach ball GDP...
Instructions: Enter your responses rounded to the nearest billion. a. Calculate real GDP for 2016 using...

Instructions: Enter your responses rounded to the nearest billion. a. Calculate real GDP for 2016 using 2000 prices. $ billion b. By how much did real GDP increase between 2000 and 2016? $ billion c. By how much did nominal GDP increase between 2000 and 2016? $ billion Refer to the data below (all values are in billions): Year Nominal GDP GDP Deflator (in Billions of Dollars) (Price Index 2009 100) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009...

1. suppose that the nominal GDP in Germany was 560 billion euros in 2011 but grew...

1. suppose that the nominal GDP in Germany was 560 billion euros in 2011 but grew to 588 billion euros in 2012. in these years the German CPI increased from 210.0 to 214.2. use these data to calculate the % change in the real German GDP between 2011 and 2012.
If real GDP in a particular year is $80 billion and nominal GDP is $240 billion,...

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
Question 2 If Nominal GDP is $12,000 billion and the GDP deflator is 80, then Real...

Question 2 If Nominal GDP is $12,000 billion and the GDP deflator is 80, then Real GDP is ________. a) $15,000 billion b) $9,600 billion c) $21,600 billion Question 3 If inflation occurs in a given year, a) the change in the real measurement (GDP) would be equal to the change in the nominal one. b) the change in the real measurement (GDP) would be greater than the change in the nominal one. c) the change in the real measurement...

QUESTION 16 If nominal GDP in 2014 is $20,000 billion while real GDP is $16,000 billion,...

QUESTION 16 If nominal GDP in 2014 is $20,000 billion while real GDP is $16,000 billion, then the GDP deflator in 2014 is A. 125 B.80 C. 110 D. 150

Nominal GDP Real GDP 2011 $13,295 billion $11,519 billion 2012 $14,041 billion $11,767 billion In 2011,...

Homework Answers

Add Answer to:
Nominal GDP Real GDP 2011 $13,295 billion $11,519 billion 2012 $14,041 billion $11,767 billion In 2011,...

Post as a guest

Earn Coins

Nominal GDP Real GDP 2011 $13,495 billion $11,919 billion 2012 $14,241 billion $12,007 billion In 2011,...

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

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

Real vs. Nominal GDP Year Real GDP Nominal GDP GDP Deflator 1990 $1000 billion $950 billion...

Based on the table below, calculate nominal GDP real GDP, the GDP deflator, and the infation...

Instructions: Enter your responses rounded to the nearest billion. a. Calculate real GDP for 2016 using...

1. suppose that the nominal GDP in Germany was 560 billion euros in 2011 but grew...

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

Question 2 If Nominal GDP is $12,000 billion and the GDP deflator is 80, then Real...

QUESTION 16 If nominal GDP in 2014 is $20,000 billion while real GDP is $16,000 billion,...

Nominal GDP Real GDP 2011 $13,295 billion $11,519 billion 2012 $14,041 billion $11,767 billion In 2011,...

Homework Answers

Add Answer to: Nominal GDP Real GDP 2011 $13,295 billion $11,519 billion 2012 $14,041 billion $11,767 billion In 2011,...

Post as a guest

Earn Coins

Add Answer to:
Nominal GDP Real GDP 2011 $13,295 billion $11,519 billion 2012 $14,041 billion $11,767 billion In 2011,...