CUET Economics PYQs

What is GDP deflator?

Which of the following are used to estimate GDP by expenditure method?

(A) The final consumption expenditure on the goods and services produced by the firm.

(B) The expenditure that the government makes on the final goods and services produced by firm.

(C) Compensation of employees.

(D) The final investment expenditure

Choose the correct answer from the options given below:

Calculate Net Domestic Product at factor cost (NDP$_{FC}$).

1. Rs. 3000 crore
2. Rs. 3137 crore
3. Rs. 3140 crore
4. Rs. 3500 crore