If nominal GDP is $230 for a period and real GDP is $200 for the same period, what is the GDP price index for this period?

What will be an ideal response?

The GDP price index equals 115, or (100 ) × ($230 ÷ $200).

Economics

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If the Fed sells foreign assets, the monetary base will

A) fall by the amount of the sale, only if the Fed buys domestic bank deposits with the proceeds. B) fall by the amount of the sale, only if the Fed buys domestic currency with the proceeds. C) fall by the amount of the sale, whether the Fed buys domestic bank deposits or domestic currency with the proceeds. D) rise by the amount of the sale.

Economics

Currently, college graduates are earning about ____ more than high school grads over the course of their careers.

A. $100,000 B. $1,000,000 C. 25 percent D. 60 percent

Economics