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    • Question : The value of Nominal GDP is 1100 and the value of Real GDP is 1000. Find the value of GDP deflator. Option 1: 0.9 Option 2: 1.1 Optio ...
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    Question : The value of Nominal GDP is 1100 and the value of Real GDP is 1000. Find the value of GDP deflator.

    Option 1: 0.9

    Option 2: 1.1

     

    Option 3: 1

    Option 4: 0.8

    Team Careers360 3rd Jan, 2024
    Answer
    Answer (1)
    Team Careers360 13th Jan, 2024

    Correct Answer: 1.1


    Solution : GDP Deflator = Nominal GDP/Real GDP = ________ 1,100/________ 1,000 = 1.1.

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