Nominal GDP is $15 trillion and real GDP is $10 trillion. What is the GDP deflator? Show your work
The GDP Deflator = Nominal GDP/Real GDP = 100 x $15 trillion/$10 trillion = 150.
Economics
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________ in the foreign interest rate causes the demand for domestic assets to decrease and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
Economics
One of the major drawbacks of crowding out is that it: a. decreases the rates of interest in the economy
b. increases the rates of interest in the economy. c. decreases the short-run growth rate of the economy. d. prohibits foreign investments in an economy.
Economics