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The value of Nominal GDP is ₹1100 and the value of Real GDP is ₹1000. Find the value of GDP deflator.
Question

The value of Nominal GDP is ₹1100 and the value of Real GDP is ₹1000. Find the value of GDP deflator.

A.

0.9

B.

1.1

C.

1

D.

0.8

Correct option is B

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