Solve this!!! 18.If nominal GDP is $5 million and the real GDP is $4 million, what is the GDPdeflator?a 0.80b. 0.75C. 1.25-d. 0.20

GDP Deflator calculate the price level of all final goods and services which is domestically…

Answered: 18. If nominal GDP is $5 million and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Quest [pizza] Italian Gator and Midtown Pizza are long-time rivals. Midtown is repricing their pizza and is using parity pricing. Using these multi- attribute data, what should Midtown Pizza change their price to if Italian Gator sells one slice for $5? Time Temperature Taste $3.75 $5.00 O $4.00 $3.50 $4.50 Italian Gator 5 10 7 Midtown Pizza 3 4 9 Importance 6 7 10.
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18. If nominal GDP is $5 million and the real GDP is $4 million, what is the GDP deflator? a 0.80 b. 0.75 C. 125 d. 0.20