Make sure to multiply the result so that the scales match


Problem

Use nominal GDP (GDP) and real GDP (GDPC1) to construct a graph of the GDP deflator from 1947-present (use LINE 1 only). Now check your work by adding LINE 2 with the GDP deflator variable (GDPDEF) for the same time period. NOTE: When calculating the GDP Deflator using nominal GDP and real GDP, make sure to multiply the result by 100 so that the scales match when making your comparison.

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: Make sure to multiply the result so that the scales match
Reference No:- TGS03302761

Expected delivery within 24 Hours