The GDP deflator is 100 times the ratio of ________.
A) nominal GDP to real GDP
B) real GDP to nominal GDP
C) GDP to GNP
D) GNP to GDP

Name: The GDP deflator is 100 times the ratio of ________. A) nominal GDP to real GDP B) real GDP to nominal GDP C) GDP to GNP D) GNP to GDP
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Question

Quizplus · Accepted Answer

The GDP deflator is a measure of the price level in an economy and is calculated by dividing nominal GDP by real GDP and multiplying by 100. Therefore, the GDP deflator is 100 times the ratio of nominal GDP to real GDP.

The GDP Deflator Is 100 Times the Ratio of ________