write the formula of gdp infla
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Explanation:
The economy's GDP price deflator would be calculated as ($10 billion / $8 billion) x 100, which equals 125. ... This is because an economy's real GDP is calculated by multiplying its current output by its prices from a base year. So, the GDP deflator helps identify how much prices have inflated over a specific time period.
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Answer:
C + G + l + NX ( where C= consumption; G = government spending; l= lnbestment and NX = next exports)
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