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ArbitrLikvidat
2 months ago
13

Suppose nominal GDP in an economy is $11 trillion and real GDP is $10 trillion. What would be the implicit price deflator?

Business
1 answer:
Scilla [3.8K]2 months ago
5 0

Response:

The implicit price deflator will be 1.10

Details:

Nominal GDP = $11 trillion

Real GDP = $10 trillion

Apply the Implicit price deflator formula

Implicit price deflator = Nominal GDP / Real GDP

Implicit price deflator = $11 trillion / 10 trillion

Implicit price deflator = 1.10

Thus, the implicit price deflator is 1.10 when nominal GDP is $11 trillion and real GDP is $10 trillion.

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If there are constant rumors that a business is in financial crisis, employees might lose internal motivation. which level of ma
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e Arlington Motor Pool Internal Service Fund had the following transactions and events during January 2018. Using the "Additiona
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Answer:

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Answer:

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