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.
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Based on then information given his annual premium is $175,50.
<h3>Annual premium</h3>
Since he bought a life insurance policy of the amount of $135,000 his annual premium can be calculated as:
Annual premium per $1000 of coverage for a 35-year old = 1.30
Annual premium=Life insurance policy/1,000 ×1.30
Where:
Life insurance policy=$135,000
Let plug in the formula
Annual premium=$135,000/1,000×1.30
Annual premium= $175.50
Inconclusion his annual premium is $175,50.
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According to the research, the transfer of the right of recovery from the insured to the insurance company is called <u>Subrogation</u>.
<h3>What is s
ubrogation?</h3>
It consists of changing the debtor or the lender in a financing, which produces a delegation or a succession of duties.
It is linked to subrogating a legal or natural person for another, replacing it, modifying the contract in terms of fulfilling an obligation or exercising an attribution.
Therefore, we can conclude that according to the research, the transfer of the right of recovery from the insured to the insurance company is called <u>Subrogation</u>.
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Ok so you need to explain what the commminuty needs like for example what people needs or you can search it up and look if there is lack anywhere and look up
