For Each of the Following Values of Nominal GDP and Real

question 335

Essay

For each of the following values of nominal GDP and real GDP, calculate the GDP price deflator.
a) Nominal GDP = $600; real GDP = $800.
b) Nominal GDP = $900; real GDP = $900.
c) Nominal GDP = $1,200; real GDP = $1,000

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Definitions:

Reflexes

Spontaneous and almost immediate reactions triggered by an external stimulus.

Excitatory Synapses

Connections between neurons that increase the likelihood of the receiving neuron to fire an action potential.

Inhibitory Synapses

Connections between neurons that decrease the likelihood of the receiving neuron firing, playing a key role in the modulation of neural circuits.

Neuron

A specific type of cell responsible for conveying nerve signals; also known as a neuron.