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Given a GDP deflator of 120 and a Nominal GDP of 7.8 billion dollars, calculate Real GDP. (1 point)
O 6.5 billion dollars
O 9 billion dollars
09.36 billion dollars
O 6.6 billion dollars

Respuesta :

Answer:

It's 6.5

Explanation:

7.8/(120/100)=6.5

A GDP is calculated as Nominal GDP is divided by the GDP deflator.

The calculation is shown below

$7.8 / $120

=0.065

The answer needs to be multiplied by 100

and therefore

0.065 * 100

= 6.5 billion dollars

The answer is 6.5 billion dollars.

What is GDP?

GDP stands for Gross Domestic Product of a country this represents total monetary value of goods and services produced in a country during a specified period of time.

Learn more about Business - Economy at https://brainly.com/question/5306194

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