The GDP deflator is equal to
A) nominal GDP divided by real GDP.
B) real GDP divided by nominal GDP, multiplied by 100.
C) real GDP divided by nominal GDP.
D) nominal GDP divided by real GDP, multiplied by 100.
D
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In a price-fixing agreement amongst two oligopolists, each seller's best strategy would be to maintain the agreement, as it would leave both of them better off
Indicate whether the statement is true or false
The Federal Reserve System regulates the money supply primarily by:
A. controlling the production of coins at the U.S. mint. B. altering the reserve requirements of commercial banks and thereby the ability of banks to make loans. C. altering the reserves of commercial banks, largely through sales and purchases of government bonds. D. restricting the issuance of Federal Reserve Notes because paper money is the largest portion of the money supply.