Consider the following data:Nominal GDP:

CUET Preparation Today

Start Free Mocks

Home Questions JUN8HDBH8W

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Consider the following data:
Nominal GDP: 1900
Real GDP: 1300
What is the GDP deflator in the above conditions?

Options:

1.405

1.046

1.45

1.46

Correct Answer:

1.46

Explanation:

The correct answer is Option (4) → 1.46

GDP deflator = GDP / gdp

where GDP stands for nominal GDP and gdp stands for real GDP.

GDP deflator =1900/1300 = 1.46