The 'GDP Deflator' Is Equal To

question 8

Multiple Choice

The 'GDP deflator' is equal to:

• A)real GDP divided by nominal GDP.
• B)nominal GDP divided by real GDP.
• C)real GDP divided by nominal GDP multiplied by 100.
• D)nominal GDP divided by real GDP multiplied by 100.

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Definitions:

Satisfies

When a mathematical statement or condition holds true or when an argument meets certain criteria or standards.

Inequality

A mathematical expression indicating that two expressions are not equal, using symbols such as ≠, <, >, ≤, ≥.

Annual Insurance

A term referring to insurance coverage that is renewed or applicable for one year, often requiring annual premium payments.

Surcharge

An additional charge, tax, or cost added to the usual cost or bill.