A) measure the relative reduction in GDP growth rate of a country.
B) measure the inflation in a country.
C) compare the GDP of a country vis a vis other countries of the world.
D) estimate the purchasing power of the citizen of a country.
Correct Answer: B
Solution :
GDP deflator is an economic metric that accounts for inflation by converting output measured at current prices into constant-collar GDP. The GDP deflator shows how much a change in the base year?s GDP relies upon changes in the price level.
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