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Calculate the GDP deflator from the given data: Real GDP = 1,000 and Nominal GDP = 5,000 |
GDP deflator = 5 GDP deflator = 0.2 GDP deflator = 0.8 GDP deflator = 10 |
GDP deflator = 5 |
GDP deflator is the ratio of nominal GDP to real GDP. Thus, GDP deflator = 5 i.e. \(\frac{5,000 }{1,000 }\) |
