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

What will be an ideal response?

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

Economics

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One problem with employer mandated health insurance is _____

a. it increases the cost of hiring employees b. it makes it difficult to employ highly-skilled individuals c. it provides universal coverage d. it creates moral hazard

Economics

If a good that generates negative externalities were priced to take these negative externalities into account, its

A. price would remain constant and output would increase. B. price would increase but its output would remain constant. C. price would increase, and its output would decrease. D. price would decrease, and its output would increase.

Economics