8
QuizLong Text

GDP and Changes in the Price Level

Question 8 • VT-GA-EOC-Personal Finance & Economics A ULHS

How do you convert Current GDP to real dollars?

Answer

Answer:

Convert current GDP to real dollars by dividing it by the GDP price deflator and multiplying by 100: Real GDP = (Current GDP ÷ GDP price deflator) × 100.

Previous
Next