Question 2 1 pts The GDP deflator provides a measure of whic

Question 2 1 pts The GDP deflator provides a measure of which of the following? O the ratio of GDP to the size of the population O the price of a typical consumer\'s basket of goods O the ratio of GDP to the number of workers employed O real GDP divided by the aggregate price level the ratio of nominal GDP to real GDP

Solution

Option 5. the ratio of nominal GDP to real GDP

Explanation: GDP deflator reflects how much of the nominal GDP is because of changes in price level. GDP deflator = nominal GDP/real GDP * 100.