Current Affairs

GK MCQs Section
Q. Which of the following is called GDP Deflator?
Answer: Ratio of nominal to real GDP
Notes: The GDP deflator is a measure of price inflation. It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100. Nominal GDP is the market value of goods and services produced in an economy, unadjusted for inflation

This Question is Also Available in:

हिन्दी

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app.

Question Number: 47 in 1. Important Concepts in Micro & Macroeconomics in above course in App.