2024 Slot 1 PYQs

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2024 Slot 1

Economics

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Easy

(A), (C) and (E) only

(B), (C) and (D) only

(B), (D) and (E) only

(C), (D) and (E) only

✅ Correct Option: 3

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Identify the correct statement in the context of Circular Flow of Income in an economy

The value of Nominal GDP is USD 1100 and the value of Real GDP is USD 1000. Find the value of GDP deflator:

Nominal Interest Rate =