Question 2

In 2016 the nominal GDP for Country X was $330 billion and the GDP deflator was 110. The real GDP for 2016 was

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Social Studies

Kailey Kane

6 August, 15:52

Question 2

In 2016 the nominal GDP for Country X was $330 billion and the GDP deflator was 110. The real GDP for 2016 was

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Answers (1)

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Khalil Parsons · Answer 1

Answer: The real Gdp of country X in 2016 was 272,727,272,727.27

Explanation:

norminal Gdp of country X = 300,000,000,000

Gdp deflator = 110

Real Gdp for country X in 2016 = ?

To get the real gdp, we use the formula below

Real Gdp = (norminal Gdp / Gdp deflator) * 100

Real Gdp = (300 000 000 000/110) * 100

Real Gdp = 2 727 272 727.27 * 100

Real Gdp = 272 727 272 727.27

Question 2In 2016 the nominal GDP for Country X was $330 billion and the GDP deflator was 110. The real GDP for 2016 was

Question 2

In 2016 the nominal GDP for Country X was $330 billion and the GDP deflator was 110. The real GDP for 2016 was