45.What is the GDP deflator called? [A] Ratio of nominal to real GDP [B] Ratio of nominal to real GNP [C] Ratio of nominal to real CPI [D] Ratio of real to nominal GNP Show Answer
GDP deflator, also known as the implicit price deflator, is used to measure inflation. It is used to determine the levels of prices of the new domestically produced final goods and services in a country in a year.
