Correct option is D
(d) (nominal GDP/Real GDP) × 100
The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy and is calculated as (Nominal GDP/Real GDP) × 100.
(d) (nominal GDP/Real GDP) × 100
The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy and is calculated as (Nominal GDP/Real GDP) × 100.
Identify the correct interpretation of Gross National Product (GNP).
A factory purchases machinery worth ₹50 lakh. At the end of the year, depreciation is ₹5 lakh. What is the Net Investment made by the firm?
Which of the following is correct for Net National product?
What was the contribution of the agriculture sector to the GDP in 1950?
In the context of a consumption function for an economy, if MPC = 0.6, then what is the likely value of MPS?
_______is the maximum income available that can be saved and spent by a nation on the consumption of goods and services.
What is the estimated Nominal GDP or GDP at Current Prices for India in the year 2023–24 as per NSSO?
Suggested Test Series
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