Question

Who calculates the gross domestic product?

Answer 1

Answer:

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Explanation:

Calculating the GDP Deflator

Consider a numeric example: if nominal GDP is $100,000, and real GDP is $45,000, then the GDP deflator will be 222 (GDP deflator = $100,000/$45,000 * 100 = 222.22). In the U.S., GDP and GDP deflator are calculated by the U.S. Bureau of Economic Analysis.

The Central Statistics Office (CSO) calculates India's GDP. It comes under the Ministry of Statistics and Program Implementation.