Refer to Table 13 -Refer to Table 13

question 76

Multiple Choice

Refer to Table 13.2 for the following questions.
Table 13.2
$$\begin{array} { | l | c | c | } \hline & \mathbf { 2 0 1 7 } & \mathbf { 2 0 1 8 } \\\hline \text { Nominal GDP } & \$ 12000 & \$ 13000 \\\hline \text { Real GDP } & \$ 9500 & \$ 10500 \\\hline\end{array}$$
-Refer to Table 13.2.Calculate the GDP deflator in 2018.

• A) 124
• B) 114
• C) 95
• D) 87

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Definitions:

Inequality

A mathematical statement that uses symbols to show that two quantities are not equal and involves relationships like less than, greater than, less than or equal to, and greater than or equal to.

Solve

The method of identifying a solution or resolution for a mathematical equation or problem.

Inequality

A mathematical statement illustrating the relationship between two expressions that are not equal, using symbols such as <, >, ≤, or ≥.

Absolute Value

The distance of a number from zero on the number line, regardless of direction; denoted by |x|.