Week 3: GDP Measurement
Q3 · When was the GDP deflator approximately 95?
Prompt
The chart displays nominal GDP (solid line) and real GDP (dashed line). In which year was the GDP deflator approximately 95? Choose one answer and justify your reasoning in 100–150 words.
Nominal GDPReal GDP
Quarterly, seasonally adjusted annual rate · billions of dollars · shaded bands mark recessions · source: FRED series GDP and GDPC1
0 / 100–150 words