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Macroeconomics

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What is the GDP Deflator?

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MACRO-Q308H9

Suppose that Nominal GDP is \$345.50 and Real GDP is \$312.45 in Baskerville for the year 2015. All figures are in billions of dollars.

Which of the following choices correctly indicates the GDP Deflator in Baskerville for the year 2015?

A

110.58

B

1.11

C

90.43

D

0.90