The GDP Deflator Is the

question 50

Multiple Choice

The GDP deflator is the

• A)difference between real GDP and nominal GDP multiplied by 100.
• B)difference between nominal GDP and real GDP divided by 100.
• C)ratio of real GDP to nominal GDP multiplied by 100.
• D)ratio of nominal GDP to real GDP multiplied by 100.

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Definitions:

US Importers

Businesses or individuals in the United States that buy goods from foreign countries for resale or use in the US.

Chinese Yuan

The official currency of the People's Republic of China, often used in trade and valuation.

Devalues

The reduction in the value of something, especially a currency.

US Exporters

Companies or entities based in the United States that sell goods or services to customers in other countries.