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GDP deflator is : |
$\frac{\text{Nominal GDP}}{\text{Real GDP}}+100$ $\frac{\text{Real GDP}}{\text{Nominal GDP}}+100$ $\frac{\text{Nominal GDP}}{\text{Real GDP}}×100$ $\frac{\text{Real GDP}}{\text{Nominal GDP}}×100$ |
$\frac{\text{Nominal GDP}}{\text{Real GDP}}×100$ |
The correct answer is option (3) : $\frac{\text{Nominal GDP}}{\text{Real GDP}}×100$ The GDP deflator is the ratio of nominal GDP to real GDP multiplied by 100 to express the result as an index . |
