Respuesta :

Real GDP = $5 trillion
GDP deflator = 200
The nominal GDP is $10 trillion.

Real GDP is the output effected by price. GDP deflator is the measure of the level prices of the new, local products produced, final goods and services within the economy. The nominal GDP is the current market prices.
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Answer: Nominal GDP is $10 trillion

Explanation:

GDP deflator can be calculated by dividing total value of nominal GDP by value of real GDP and multiplying it by 100.

GDP Deflator[tex]= \frac{Nominal GDP}{Real GDP} * 100[/tex]

[tex]200=\frac{Nominal GDP}{$5 trillion} * 100[/tex]

[tex]Nominal GDP = $10 trillion[/tex]

Thus, the value of nominal GDP is $10 trillion.

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