Whate is GDP deflator? How is …
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Yogita Ingle 5 years, 1 month ago
For calculating GDP deflator, the following steps are necessary
GDP deflator formula can be represented as
GDP deflator = Nominal GDP / Real GDP * 100
Like other price indices such as CPI, GDP deflector is not formed on a fixed basket of goods and services. The basket is altered every year depending on people’s investment and consumption patterns for that year.
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