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28) What is the approximate deflator if nominal GDP is 15 trillion and real GDP is 13 trillion?a) 86b) 120c) 1.15d) 115e) 0.8630) If real

28) What is the approximate deflator if nominal GDP is 15 trillion and real GDP is 13 trillion?a) 86b) 120c) 1.15d) 115e) 0.8630) If real GDP goes from 2.5 trillion to 3.1 trillion in one year. What is the percentage change?a) none of the other answersb) 24%c) approximately 19%d) approximately 80%please show detail calculations of correct options.

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Question 29 0.6 pts Year GDP GDP deflator Population 2000 $400 billion 100 40 million 2001 $600 billion 105 50 million Applying the GDP deflator to 2001 nominal GDP in the above schedule, the per capita real GDP for 2001 is approximately O $1,142 O $1,534 $15,340 O $11,428

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