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A country has a gross domestic product of 225. if the GDP deflator is 3 what would be the real GDP of the country
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A country has a gross domestic product of 225. if the GDP deflator is 3 what would be the real GDP of the country
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Feb 11, 2019
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A country has a gross domestic product of 225. if the GDP deflator is 3 what would be the real GDP of the country
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AvtarSingh Suchariya
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GDP deflator is nominal GDP divided by real GDP.
Therefore, 225/real GDP = 3, and then real GDP would then equal 75.
Dmitrii Nechepurenko
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Feb 16, 2019
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