Question
GDP Deflator What is the GDP deflator?How does the GDP deflator relate to real GDP? Review GDP and nominal versus real.Real adjusts for inflation, so
GDP Deflator
What is the GDP deflator?How does the GDP deflator relate to real GDP?
Review GDP and nominal versus real.Real adjusts for inflation, so how do we arrive at the real GDP number from nominal GDP?Review the GDP deflator formula, where GDP deflator = (Nominal GDP/Real GDP) X 100.
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
