CUET Economics - The value of Nominal GDP is USD 1100 and the value of Real GDP is USD 1000. Find the value of GDP deflator: | PYQs + Solutions

CUET Economics

Macro

Easy

0.9

1.1

0.8

✅ Correct Option: 2

Related questions:

21 May Shift 1

Match List-I with List-II

List-I	List-II
(A) GNP at Market price	(I) $GDP_{MP}$ + NFIA
(B) GDP at Market price	(II) NI - Undistributed profits - Net interest payments made by households - Corporate tax + Transfer payments to the households from the government and firms
(C) Personal income	(III) C + I + G + X - M
(D) Private income	(IV) Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world

Choose the correct answer from the options given below:

31 May Shift 1

Whatever is left over is appropriated by the entrepreneur is called ..................

30 May Shift 2

The well-being and wealth of the economy may not resonate only with possession of resources. It should ....................

CUET Economics PYQs