Question
Hi Team, Nominal GDP (2018)= $1168295175 Real GDP (2018)= $1,083,597,535 GDP Deflator= (1168295175/ 1083597535)*100 = 107.81 If GDP Deflator is more than 100, what will
Hi Team,
Nominal GDP (2018)= $1168295175
Real GDP (2018)= $1,083,597,535
GDP Deflator= (1168295175/ 1083597535)*100
= 107.81
If GDP Deflator is more than 100, what will be the answer for below question.
Examine the status of the economic welfare in Good land Republic in 2018 based on your GDP deflator, nominal GDP and Real GDP. Also, explain the reasons why it is necessary to calculate real GDP. Show your work?
Thanks in advance
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
9781292016924
