The GDP Deflator Is _____ Multiplied by 100

question 213

Multiple Choice

The GDP deflator is _____ multiplied by 100.

• A) real GDP divided by nominal GDP
• B) nominal GDP divided by real GDP
• C) real GDP divided by the population
• D) nominal GDP divided by the population.

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Definitions:

Capital

Economic resources used in the production of goods and services, such as machinery, equipment, and buildings.

Consume Less

The action of reducing the amount of goods and services that individuals or societies use.

Residential Home Building

The process or business of creating new homes within residential areas, often involving construction firms, architects, and various contractors.

Volatile Sector

An industry or market segment known for high levels of price fluctuation, often due to changes in supply and demand, political instability, or other factors.