name the index representing the ratio of nation gdp and real gdp
Answers
Explanation:
i think price index of the ratio
In economics,the index that represents the ratio of nominal and real GDP is called GDP Deflator.
Explanation:
GDP deflator basically represents the price index to measure or calculate the ratio of the nominal and real GDP in any country.Nominal GDP is the current monetary or present market value of the goods and services produced by a particular economy or country within a year and the real GDP denotes the market value of the same but adjusted for any inflationary or deflationary bias or impact which shows the inflation/deflation adjusted measure of the GDP.Therefore,GDP deflator is also a mathematical indicator of the inflation level of the country which is derived from multiplying the ratio of the nominal and real GDP by 100.It basically shows the overall price level of all the final goods and services produced and sold within any particular economy or country.