Question

GDP deflator = ____________

A.

(nominal GDP × Real GDP) × 100

B.

(nominal GDP + Real GDP) × 100

C.

(nominal GDP - Real GDP) × 100

D.

(nominal GDP/Real GDP) × 100

Correct option is D

(d) (nominal GDP/Real GDP) × 100
The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy and is calculated as (Nominal GDP/Real GDP) × 100.

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