Question

If nominal gdp is $9,600 billion and the gdp deflator is 118.5, real gdp is

Answer 1

Based on the given conditions,

= 9600/118.5

Multiply the both numerator and denominator,

= 96000/1185

Cross out the common factor,

= 6400/79

Alternative forms is,

= 81.012658 ,
`81(1)/(79)`