Nominal GDP is $12 trillion and real GDP is $15 trillion. What is the GDP deflator? Show your work
The GDP Deflator = 100 x Nominal GDP/Real GDP = 100 x $12 trillion/$15 trillion = 80.
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The minimum amount of reserves the Fed requires a bank to hold, based on a percentage of the bank's total deposit liabilities, is known as
a. excess reserves b. actual reserves c. the legal reserve requirement d. the Fed stipulation rate e. the countercyclical rate
Which is the most comprehensive description of the supply of money in the Irish economy?
(a) Euro notes and coins issued by the Irish Central Bank; (b) Money created by the commercial banks; (c) Euro notes/coins and bank deposits; (d) All items of legal tender plus Euro in circulation.
Which of the following are explanations for sticky prices?
a. long-term labor contracts b. fixed exchange rates c. flexible exchange rates d. fixed money supply
Which of the following statements is true?
A) A stock can possibly pay dividends forever, but bonds have a fixed number of payments. B) Differences of opinion about a bond's future may vary considerably but there is less difference about a stock's future. C) The future growth of a stock is more certain than the payments of a bond. D) Bonds represent partial ownership in a firm but stocks do not.