Gdp price index is calculated by the formula
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━━━━━━━━━━━━━━━━━━━The GDP deflator is a measure of price inflation. It is calculated by dividingNominal GDP by Real GDP and then multiplying by 100. (Based on the formula). Nominal GDP is the market value of goods and services produced in an economy, unadjusted for inflation.
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━━━━━━━━━━━━━━━━━━━The GDP deflator is a measure of price inflation. It is calculated by dividingNominal GDP by Real GDP and then multiplying by 100. (Based on the formula). Nominal GDP is the market value of goods and services produced in an economy, unadjusted for inflation.
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