Answered: 2012 2013 Nominal GDP Real GDP $10,000…

2012 2013 Nominal GDP Real GDP $10,000 $12,000 9,500 10,500 Given the information above, calculate the GDP deflator in 2012. O A. 87 ОВ. 95 ОС. 105 O D. 114

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

2012
2013
Nominal GDP
Real GDP
$10,000
$12,000
9,500
10,500
Given the information above, calculate the GDP deflator in 2012.
O A. 87
O B. 95
OČ. 105
O D. 114

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