A measure of the price level of the goods and services included in GDP is
A) the GDP deflator.
B) the CPI.
C) nominal GDP.
D) the GDP multiplier.
E) real GDP.

Question

Quizplus · Accepted Answer

The GDP deflator is a measure of price levels that adjusts for inflation and reflects changes in the price of goods and services included in GDP. It is calculated by dividing nominal GDP by real GDP and multiplying by 100.

A Measure of the Price Level of the Goods and Services