The value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.
<h3>What is the GDP Deflator?</h3>
The GDP deflator is a ratio of the Nominal GDP (current year prices) over Real GDP (base year prices).
The GDP deflator is used to measure inflation as it shows the change in the current prices compared to the base year's prices.
The GDP deflator can be computed as Nominal GDP/Real GDP x 100.
<h3>Data and Calculations:</h3>
Year Nominal GDP Real GDP GDP Deflator
2009 $500 100
2010 $551.2 106
2011 $600.6 $546
2012 ________ $600.6 120
GDP Deflator = Nominal GDP/Real GDP x 100
2011 GDP Deflator = 110 ($600.60/$546 x 100)
Thus, the value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.
Learn more about the gross domestic product (GDP) deflator at brainly.com/question/13505890
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