The measure of price levels of all final goods and services which are new and domestically produced in an economy or company or region is called as GDP deflator. Gross Domestic Product is known as GDP which is the total value of all good and services produced within an economy in a specific time period. GDP implicit price deflator calculator fetches result with the values of nominal and real GDP.
Calculate the GDP implicit price deflator for nominal GDP of 2000 and real GDP of 800.
GDP implicit price deflator = ( 2000 / 800 ) * 100
= 250 .