If the GDP deflator in 2019 equals 1.25 and nominal GDP in 2019 equals $15 trillion, what is the value of real GDP in 2019?
A)$12 trillion
B)$12.5 trillion
C)$15 trillion
D)$18.75 trillion

Name: If the GDP deflator in 2019 equals 1.25 and nominal GDP in 2019 equals $15 trillion, what is the value of real GDP in 2019? A)$12 trillion B)$12.5 trillion C)$15 trillion D)$18.75 trillion
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Question

Quizplus · Accepted Answer

Real GDP = Nominal GDP / GDP deflator= $15 trillion / 1.25= $12 trillion

If the GDP Deflator in 2019 Equals 1