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.
Suggested Test Series
Suggested Test Series
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?