Question #90002
A country reported a real GDP growth of 4.17% from 2011 to 2012 and reported a GDP deflator
of 125 in 2012 and 120 in 2011. What happened to the country’s nominal GDP and price level
from 2011 to 2012 (Increased, decreased or remained the same)? Calculate the percentage change
of each.
of 125 in 2012 and 120 in 2011. What happened to the country’s nominal GDP and price level
from 2011 to 2012 (Increased, decreased or remained the same)? Calculate the percentage change
of each.
Expert's answer
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#340153 on Dec 2023
#340153 on Dec 2023
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