WBCS.LIVE practice question

GDP deflator = ______.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. (Nominal GDP × Real GDP) × 100
  2. (Nominal GDP ÷ Real GDP) × 100
  3. (Nominal GDP - Real GDP) × 100
  4. (Nominal GDP / Real GDP) × 100

Correct answer and explanation

Correct answer: (Nominal GDP / Real GDP) × 100