The 'GDP deflator' is a measure of the price level and is calculated by dividing ________ by ________ and multiplying by 100.

Name: The 'GDP deflator' is a measure of the price level and is calculated by dividing ________ by ________ and multiplying by 100.
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The GDP deflator is calculated by dividing nominal GDP by real GDP and then multiplying by 100. This measure reflects the level of prices of all new, domestically produced, final goods and services in an economy.

The 'GDP Deflator' Is a Measure of the Price Level