GDP deflator =

(real GDP ÷ nominal GDP) × 100Correct answerYour answernominal GDP − real GDPCorrect answerYour answernominal GDP × real GDPCorrect answerYour answer(nominal GDP ÷ real GDP) × 100Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

The deflator compares current-price value with base-price value of the same output.

Concept: GDP deflator
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsReal and nominal GDP

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GDP deflator =

Explanation