Quantity of Apples Price of Apples Quantity of Jeans Price of Jeans2015 16 $8 7 $14What is the GDP deflator for 2015?
Question
Solution 1
The GDP deflator is a measure of the price level of all domestically produced final goods and services in an economy. It is calculated as:
GDP Deflator = (Nominal GDP / Real GDP) * 100
However, in your question, you've only provided quantities and prices for two goods (apples and jeans) for one ye Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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