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

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Calculate Operating surplus.

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) GDP at constant price	(i) known as Nominal GDP
(B) GDP at current price	(ii) Increases only when there is increase in the quantum of output in the economy.
(C) Welfare of the people	(III) known as earned income
(D) Factor income	(IV) Measured in terms of the availability of goods and services

Choose the correct answer from the options given below:

22 May Shift 1

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CUET Economics PYQs