CUET Economics - Consider the following data: Nominal GDP : 1900 Real GDP : 1300 What is the GDP deflator in the above conditions ? | PYQs + Solutions

CUET Economics 2025 30 May Shift 2

Macro

Easy

1.405

1.046

1.45

1.46

✅ Correct Option: 4

Related questions:

22 May Shift 1

What is the base year?

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) Gross Domestic Product at Market Prices (GDPₘₚ)	(I) All the economic output produced by a nation’s normal residents, whether they are located within the national boundary or abroad.
(B) Net Domestic Product at Market Prices (NDPcₘₚ)	(II) Sum of income earned by all factors in the production in the form of wages, profits, rent and interest, etc., belonging to a country during a year.
(C) Gross National Product at Market Prices (GNPₘₚ)	(III) All production done by the national residents or the non-residents in a country gets included, regardless of whether that production is owned by a local company or a foreign entity.
(D) National Income (NI)	(IV) Income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

Choose the correct answer from the options given below: |

31 May Shift 1

Which of the following are correct statements regarding Gross Domestic Product (GDP)?

(A) GDP is a measure of the welfare of a country.

(B) Real GDP is measured at current market prices.

(D) Gross National Product at factor cost = GDP $_{MP}$ + Net factor income from abroad.

Choose the correct answer from the options given below:

CUET Economics 2025 30 May Shift 2 PYQs