Question : Which of the following reflects the growth of an economy?
Option 1: Nominal GDP
Option 2: Real GDP
Option 3: GDP deflator
Option 4: Current price index
Correct Answer: Real GDP
Solution :
Question : ______________ refers to production of goods and services valued at current price.
Question : GDP deflator =
Question : Which of the following is the Gross Domestic Product (GDP) Deflator?
Question : The value of GDP at the current prevailing prices is called _______.
Question : The ratio between the nominal and real GDP is called ____.
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