GDP deflator do not reflect the prices of all domestically produced goods and services in the economy

True

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False

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Solution

The correct option is B False

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Similar questions

Q. With regard to difference between GDP Deflator and CPI, which of the following statements is/are correct?

Answer using the codes given below

1 only
2 only
Neither 1 nor 2
Both 1 and 2

Q. Q. Consider the following statements about GDP deflator.Which of the statement(s) given above is/are correct?

Q. जीडीपी अपस्फीति के बारे में निम्नलिखित कथनों पर विचार करें।

सकल घरेलू उत्पाद (जीडीपी) अपस्फीति सामान्य मूल्य मुद्रास्फीति का एक उपाय है।
जीडीपी डिफ्लेक्टर अर्थव्यवस्था में सभी घरेलू उत्पादित वस्तुओं और सेवाओं की कीमतों को दर्शाता है।

ऊपर दिए गए कथनो में से कौन सा /से कथन सही है / हैं?

1 only
केवल 1
Both 1 and 2
1 और 2 दोनों
Neither 1 nor 2
न तो 1 और न ही 2
2 only
केवल 2

Q. 17. Which of the following statement(s) is/are correct about GDP Deflator?
1. The GDP Deflator measures the ratio of nominal to real GDP.
2. GDP Deflator measures the change in the price level between the base year and the current year.
3. GDP deflator does not include prices of imported goods.
Correct answer code is:

GDP Deflator in India Increased to 119.50 Index Points in 2-16 from 117.80 Index point in 2015. Consider the following statemenst regarding the "GDP deflators" :

1) GDP deflator in India is reported by the Ministry of statistics and programme implementation (MOSPI)

2) GDP Deflator is a comprehensive measure of inflation

3) The GDP Deflator is ased on a fixed basket of goods and services.

Select the right statements

Q. Two statements are given in the question below as Assertion (A) and Reason (R).

Read the statements, and choose the appropriate option.

Assertion (A): Not every goods and service produced in the economy must be counted to calculate the Gross Domestic Product.
Reason (R): The value of intermediate goods and services will be reflected in the value of the final goods and services.

[0.8 marks]

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