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19 July, 08:11

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

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  1. 19 July, 08:27
    0
    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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