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  1. GDP deflator is used to :
    1. measure the relative reduction in GDP growth rate of a country
    2. measure the inflation in a country
    3. compare the GDP of a country vis a vis other countries of the world.
    4. estimate the purchasing power of the citizen of a country.
Correct Option: B

GDP deflator is an economic metric that accounts for inflation by converting output measured at current prices into constant-dollar 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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