Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Given a Real GDP of $5,000 and a Nominal GDP of $5,500, calculate the GDP
deflator. Round your answer to the nearest tenth if necessary. (1 point)
O 1.1
O 0.9
110
90.9

Given A Real GDP Of 5000 And A Nominal GDP Of 5500 Calculate The GDP Deflator Round Your Answer To The Nearest Tenth If Necessary 1 Point O 11 O 09 110 909 class=

Sagot :

Answer: it’s 110

Explanation: 5500/5000* 100

abiolataiwo2015

Assuming  Real GDP is  $5,000 and a Nominal GDP is $5,500, the GDP deflator is 110.

GDP deflator

Using this formula

GDP deflator=Nominal GDP/Real GDP×100

Where:

Nominal GDP=$5500

Real GDP=$5000

Let plug in the formula

GDP deflator=$5500/$5000×100

GDP deflator=110

Inconclusion if Real GDP is  $5,000 and a Nominal GDP is $5,500, the GDP deflator is 110.

Learn more about GDP deflator here:https://brainly.com/question/14842082

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.