If the value of nominal GDP is Rs 5500 and of real GDP is Rs 2200, what is the value of GDP Deflator ? Option 1: 0.4 Option 2: 2.50 Option 3: 1.75 Option 4: 2.25

Answer: 2.50. Solution: GDP Deflator is the ratio of Nominal GDP to Real GDP. GDP Deflator = (Nominal GDP)/(Real GDP) = 5500/2200 = 2.50. Hence the answer is 2.50.

Macro

National Income

Easy

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

0.4

2.50

1.75

2.25

✅ Correct Option: 2

GDP Deflator is the ratio of Nominal GDP to Real GDP. $\text{GDP Deflator} = \frac{\text{Nominal GDP}}{\text{Real GDP}} = \frac{5500}{2200} = 2.50$ . Hence the answer is 2.50.

2026: 21 May Shift 2

Match the LIST-I with LIST-II

	LIST-I		LIST-II
A.	Consumer Durables	I.	Not extinguished by immediate or even short period consumption.
B.	Intermediate good	II.	Used as raw material or inputs for production of other commodities.
C.	Final good	III.	Fixed assets used in production process.
D.	Capital goods	IV.	Not pass through any more stages of production or transformations.

Choose the correct answer from the options given below:

2022: 16 July Shift 2

When all of an economy's output is sold during a single accounting year, the value of output is represented by:

2025: 22 May Shift 1

What is real GDP in 2021?

2025: 28 May Shift 1

Gross Domestic Product at Market Price is the?

Gross Domestic Product at market price less net product taxes.
Market value of all final goods and services produced within a domestic territory of a country measured in a given financial year.
Expenditure to maintain the current GDP level.
Income earned by factors in the form of interest, profit, wages within the domestic territory of a country.

2025: 21 May Shift 1

What is required to be added to Net National Product at market prices to obtain National Disposable Income?

2025: 29 May Shift 1

Which of the following is a stock variable?

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

Solution

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