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प्रश्न
Define GDP deflator.
व्याख्या
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उत्तर
The GDP deflator is a measure of price inflation or deflation relative to a particular base year. It represents changes in the price levels of all commodities and services that contribute to a country's GDP.
The GDP deflator is calculated as:
GDP Deflator = `"Nominal GDP"/"Real GDP" xx 100`
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