The GDP Deflator is calculated as:

A(Nominal GDP / Real GDP) × 100

B(Real GDP / Nominal GDP) × 100

C(CPI / Nominal GDP) × 100

D(GDP growth rate / Inflation) × 100

Explanation

The GDP Deflator measures the price level of all domestically produced goods: (Nominal GDP / Real GDP) × 100.

Submitted by: mcqstutor Team More Economics MCQs →