Credit Sprint / Practice problems / Real GDP and the GDP deflator

Real GDP and the GDP deflator practice problems

Macroeconomics Unit 2. Try each one, then open the worked solution. The Credit Sprint app generates unlimited new versions with fresh numbers.

Problem 1.

Nominal GDP is $1,365 billion and the GDP deflator is 105. What is real GDP?

Show solution

$1,365B ÷ 105 × 100 = $1,300B.

Problem 2.

Nominal GDP is $1,125 billion and the GDP deflator is 125. What is real GDP?

Show solution

$1,125B ÷ 125 × 100 = $900B.

Problem 3.

Nominal GDP is $1,360 billion and the GDP deflator is 80. What is real GDP?

Show solution

$1,360B ÷ 80 × 100 = $1,700B.

Problem 4.

Nominal GDP is $1,360 billion and the GDP deflator is 80. What is real GDP?

Show solution

$1,360B ÷ 80 × 100 = $1,700B.

Problem 5.

Nominal GDP is $1,980 billion and the GDP deflator is 110. What is real GDP?

Show solution

$1,980B ÷ 110 × 100 = $1,800B.

Problem 6.

Nominal GDP is $2,375 billion and the GDP deflator is 125. What is real GDP?

Show solution

$2,375B ÷ 125 × 100 = $1,900B.