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Question : ________ is calculated by dividing the nominal GDP in a given year by the real GDP for the same year and multiplying it by 100.

Option 1: Disposable income

Option 2: GDP deflator

Option 3: Real income

Option 4: Per capita income


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: GDP deflator


Solution : The correct option is the GDP deflator .

The GDP deflator is calculated by dividing the nominal GDP (gross domestic product at current prices) in a given year by the real GDP (gross domestic product at constant prices, adjusted for inflation) for the same year, and then multiplying the result by 100.

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