JAMB - Economics (2002 - No. 12)
If a country's GNP in the current year is N65 billion, and the GNP in the base year is N50 billion, the GNP deflator is?
130.0
30.0
15.0
1.3
Selitys
GNP deflator = \(\frac{\text{Nominal GNP}}{\text{real GNP}}\) x 100
GNP deflator = \(\frac{65}{50}\) x 100 = 130