If the value of nominal GDP is ₹5500 and of real GDP is ₹2200 , what is the value of GDP Deflator?
Answer & explanation
Correct answer: option 2
GDP Deflator= Nominal GDP/Real GDP
=5500/2200
=2.5
If the value of nominal GDP is ₹5500 and of real GDP is ₹2200 , what is the value of GDP Deflator?
Correct answer: option 2
GDP Deflator= Nominal GDP/Real GDP
=5500/2200
=2.5