Answered: If the GDP deflator in 2020 equals 2…

If the GDP deflator in 2020 equals 2 and nominal GDP in 2020 equals $20 trillion, what is the value of real GDP in 2020?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section7.4: Real Gdp

Problem 1ST

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If the GDP deflator in 2020 equals 2 and
nominal GDP in 2020 equals $20 trillion,
what is the value of real GDP in 2020?

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