It should be noted that GDP deflator simply measures the changes in price for goods and services.
<h3>What is GDP?</h3>
Your information is incomplete as the figures aren't given. Therefore, an overview will be given.
Gross domestic product simply means the total monetary value of the finished goods and services that are produced in a country.
The formula for calculating the GDP deflator will be:
= Nominal GDP/Real GDP × 100
Also, the formula fro calculating real GDP per capita will be:
= Real GDP/Total population
In conclusion, the real GDP is the GDP of a country that has been adjusted for inflation.
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The system of equation that can be used to represent the number of meals sold is
x + y = 1000
5x + 10y = 3,500
Given:
Number of $5 meals sold = x
Number of $10 meals sold = y
Total number of meals = 1000
Total amount of meals = $3,500
The equations:
Quantity
x + y = 1000
Price
5x + 10y = 3,500
Therefore, the system of equation that can be used to represent the number of meals sold is
x + y = 1000
x + y = 10005x + 10y = 3,500
Learn more about equation:
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The answer is x equals 2.
