The value of nominal GDP is $1100 and the value of real GDP is $1000. Find the value of GDP deflator.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 1.1
Given:
Nominal GDP = $1100
Real GDP = $1000
The GDP deflator is the ratio of nominal GDP to real GDP:
GDP deflator = 1100 ÷ 1000 = 1.1
In percentage terms this is 110 per cent.
Note: A same/similar question was asked in CUET (UG) in the papers below.
| 2026 | 2025 | 2024 | 2023 | 2022 |
| – | 02-06 S1 | 16-05 S1 | – | – |
NCERT (2026-27): Introductory Macroeconomics — Chapter 2: National Income Accounting
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