If the value of nominal GDP is ₹5500 a

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

If the value of nominal GDP is ₹5500 and of real GDP is ₹2200 , what is the value of GDP Deflator?

Options:

0.4

2.50

1.75

2.25

Correct Answer:

2.50

Explanation:

GDP Deflator= Nominal GDP/Real GDP

=5500/2200

=2.5