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With nominal GDP of Rs 1,650 and real GDP of Rs 1,100, the GDP deflator in percent is what?
A110 percent
B66.7 percent
C100 percent
D150 percent
Answer & Solution
Correct answer: D. 150 percent
The deflator is nominal over real, 1,650 divided by 1,100, which is 1.5 or 150 percent.
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