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11 June, 11:13

Nominal GDP in a given year is $1.2 trillion, real GDP in the same year is $1.1

trillion. The GDP Deflator is:

1.0909

109.09

O 0.916

91.66

+2
Answers (1)
  1. 11 June, 12:08
    0
    109.9

    Explanation:

    GDP deflator is the calculation of the new prices of all the goods and services produced domestically in a given year.

    GDP deflator is calculated by the division of the nominal GDP by the Real GDP and multiplying by 100.

    GDP deflator = Nominal GDP/Real GDP*100

    This translates to 1.2 trillion dollars/1.1 trillion dollars which will give 1.0909

    The 1.0909 is then multiplied by 100 to give 109.9.
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