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National Income Aggregates & GDP · Question 49 of 69

Question 49

MediumOriginal question

Nominal GDP is ₹2,200 crore and real GDP is ₹2,000 crore. The GDP deflator is

90.9Correct answerYour answer110Correct answerYour answer120Correct answerYour answer200Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

Deflator = 2,200 ÷ 2,000 × 100 = 110.
Prices are 10% above the base year.

Concept: Calculating the deflator
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsReal and nominal GDP

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