cdoyle3261 cdoyle3261

05-03-2020
Business

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The gdp deflator is used to calculate the inflation rate. True or False

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sadddamkashmiri801 sadddamkashmiri801

10-03-2020

Answer:

True

Explanation:

The nominal GDP is divided by the real GDP to calculate GDP deflator which is used to calculate the CPI and Inflation rate. So it is true that the GDP delfator is used to calculate inflation rate.

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