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:

2 June Shift 1

Identify which of the following statements is incorrect with reference to an economy?

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:

29 May Shift 2

It may be incorrect to treat GDP as an index of the welfare of the country for the following reasons.

(A) Externalities.

(B) Distribution of GDP is not uniform.

(D) Non-monetary exchanges.

Choose the correct answer from the options given below:

CUET Economics PYQs