What is the formula for GDP Deflater?

Q. What is the formula for GDP Deflater?
Answer: Nominal GDP/ Real GDP
Notes: The GDP deflator measures price inflation in an economy.It measures the changes in prices for all of the goods and services produced in an economy. The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.

Question Source: 📚This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India. Download the app here.

📌 Question Number: 79 in 1. Important Concepts in Micro & Macroeconomics in the above course in App.

This Question is Also Available in:

हिन्दी ಕನ್ನಡ