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Real Growth Rate Calculation using Nominal GDP and the GDP Deflator

Forums: Macroeconomics
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measato
 
Reply Mon 30 Apr, 2018 01:55 pm
Suppose that in a particular country, nominal gross domestic product (GDP) grew by 8 percent, and the GDP deflator increased by 10 percent. The country’s growth rate of real GDP would be approximately equal to...

a -2%
b -.8%
c 0.8%
d 2%
e 18%

Can you please tell me how to figure this one out?

Thanks!
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