question archive 1) Suppose the GDP deflator in 2000 is 105, and the inflation rate between 1999 and 2000 is 5%
1) Suppose the GDP deflator in 2000 is 105, and the inflation rate between 1999 and 2000 is 5%
Subject:BusinessPrice: Bought3
1) Suppose the GDP deflator in 2000 is 105, and the inflation rate between 1999 and
2000 is 5%. In 1999, the nominal GDP is $800. The growth rate of real GDP between
1999 and 2000 is 25%. The GDP deflator in 1999 is __________. The real GDP in
1999 is $_________. The nominal GDP in 2000 is $______.
