Answered: the GDP deflator is. (Enter your…

the GDP deflator is. (Enter your response rounded to the nearest whole number.) (Enter your response rounded to the nearest whole number.) the GDP deflator is

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 10SCQ: Explain briefly whether each of the following would cause GDP to overstate or understate the degree...

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Question

lue of the GDP deflator is
lue of the GDP deflator is
Nominal GDP
Real GDP
2011
$13,495 billion
$11,919 billion
(Enter your response rounded to the nearest whole number.)
(Enter your response rounded to the nearest whole number.)
MacBook Pro
2012
$14,241 billion
$12,007 billion

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