The GDP deflator is the
A) difference between real GDP and nominal GDP multiplied by 100.
B) difference between nominal GDP and real GDP divided by 100.
C) ratio of nominal GDP to real GDP multiplied by 100.
D) ratio of real GDP to nominal GDP multiplied by 100.
C
Economics
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Paying a wage to an employee that is lower than the employee's marginal revenue product is sometimes referred to as
A) illegal in most states. B) monopolistic exploitation. C) monopsonistic exploitation. D) total exploitation.
Economics
Suppose real GDP was 100 in year 1 and 105 in year 2. The growth rate of real GDP is:
A. 0.5 percent. B. 1.5 percent. C. 2.5 percent. D. 5 percent.
Economics