If Real GDP for a Given Year Is $2400 Billion

question 87

Multiple Choice

If real GDP for a given year is $2400 billion and nominal GDP is $2400,

• A)this year is the base year for the GDP deflator.
• B)the GDP deflator for this year is 1.25.
• C)the GDP deflator for this year is 0.8.
• D)the GDP deflator for this year is 1.10.

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