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Calculate the GDP deflator for each year below. Which year from 2015 to 2018 saw the largest increase in the GDP deflator over the prior
- Calculate the GDP deflator for each year below. Which year from 2015 to 2018 saw the largest increase in the GDP deflator over the prior year in percentage terms? (Show your work and explain your answers.)
Year | Nominal GDP | Real GDP |
2014 | $14,964 | $14,784 |
2015 | $15,518 | $15,021 |
2016 | $16,163 | $15,369 |
2017 | $16,768 | $15,710 |
2018 | $16,245 | $16,086 |
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
3rd Edition
1319105564, 978-1319105563
