How is the GDP Deflator calculated
A. GDP Deflator = (Nominal GDP - Real GDP) x 100
B. GDP Deflator = (Nominal GDP / Real GDP) x 100
C. GDP Deflator = (Real GDP / Nominal GDP) x 100
D. GDP Deflator = (Nominal GDP + Real GDP) x 100
Answer: B. GDP Deflator = (Nominal GDP / Real GDP) x 100