If the nominal gross domestic product (GDP) for a year is $5.4 trillion,and the real gross domestic product (GDP) for the same year is $3.6 trillion,the GDP price index is _____.

A) 0.667
B) 150
C) 66.67
D) 50
E) 33.33

Question

Vanessa Reynoso Aguilar · Accepted Answer

Final Answer : B, Explanation :  GDP price index = (Nominal GDP/Real GDP) x 100= (5.4 trillion/3.6 trillion) x 100= 150

If the nominal gross domestic product (GDP) for a year is $5.4 trillion,and the real gross domestic product (GDP) for the same year is $3.6 trillion,the GDP price index is _____.

A) 0.667
B) 150
C) 66.67
D) 50
E) 33.33

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Learning Objectives

Related questions

If the nominal gross domestic product (GDP) for a year is $5.4 trillion,and the real gross domestic product (GDP) for the same year is $3.6 trillion,the GDP price index is _____.A) 0.667B) 150C) 66.67D) 50E) 33.33

Definitions

Learning Objectives

Learning Objectives

Related questions

If the nominal gross domestic product (GDP) for a year is $5.4 trillion,and the real gross domestic product (GDP) for the same year is $3.6 trillion,the GDP price index is _____.

A) 0.667
B) 150
C) 66.67
D) 50
E) 33.33