The implicit GDP price deflator can be defined as
A) (Nominal GDP + Real GDP) / 2.
B) (Nominal GDP / Real GDP) ? 100.
C) Nominal GDP - Real GDP.
D) (Real GDP / Nominal GDP) ? 100.
E) the consumer price index.

Question

Quizplus · Accepted Answer

The implicit GDP price deflator is calculated as (Nominal GDP / Real GDP) * 100, which reflects the change in prices for all of the goods and services produced in an economy.

The Implicit GDP Price Deflator Can Be Defined as