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Question : The ratio between the nominal and real GDP is called ____.

Option 1: Net national income

Option 2: Value added GDP

Option 3: Green GDP

Option 4: GDP deflator


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: GDP deflator


Solution : The correct option is the GDP deflator .

The GDP deflator is a measure that quantifies the extent of inflation or deflation in an economy by comparing the nominal GDP (current prices) to the real GDP (constant prices). It reflects the overall price changes in all goods and services produced, providing insights into the economy's inflationary or deflationary tendencies.

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