Which item is NOT included in the GDP deflator?
A) bubble gum
B) turbines
C) fire engines
D) imported mangoes

Question

Quizplus · Accepted Answer

The GDP deflator is calculated by taking the nominal GDP and dividing it by the real GDP, which has been adjusted for inflation. It includes all goods and services produced domestically, including bubble gum, turbines, and fire engines. However, imported mangoes are not included in the GDP deflator because they are not produced domestically.

Which Item Is NOT Included in the GDP Deflator