Ask Question
23 January, 23:28

Assume a nation's Nominal GDP is 15 Trillion with an inflation rate of 35%. Find its Real GDP.

A. 11.1 Trillion

B. 14.9 Trillion

C. 13.8 Trillion

+1
Answers (1)
  1. 23 January, 23:42
    0
    The formula for the relationship between real and nominal GDP is:

    Real GDP = Nominal GDP / Deflator

    Real GDP = 15 trillion / (1 + 0.35)

    Real GDP = 11.1 trillion

    The answer is A.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume a nation's Nominal GDP is 15 Trillion with an inflation rate of 35%. Find its Real GDP. A. 11.1 Trillion B. 14.9 Trillion C. 13.8 ...” in 📗 Computers & Technology if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers