If nominal GDP is $10 trillion and real GDP is $8 trillion, then the GDP deflator is Group of answer choices 125, and this indicates that the price level has increased by 125 percent since the base year. 125, and this indicates that the price level has increased by 25 percent since the base year. 80, and this indicates that the price level has decreased by 20 percent since the base year. 80, and this indicates that the price level has increased by 80 percent since the base year.
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Ответ:
125, and this indicates that the price level has increased by 25 percent since the base year.
Explanation:
GDP deflator =
× 100
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Nominal GDP is GDP calculated using current year prices
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation
GDP deflator =
× 100 = 125%
It means that there has been a 25% increase in price
Ответ:
Not choosing the correct business organization to set up would become very costly for an individual hoping to start operations and this would result in business failure even before the business began operations.