GDP deflator refers to __________.

GDP calculated at current prices

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GDP calculated at market prices

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ratio of GDP at current prices and GDP at constant prices

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ratio of Consumer Price index and Wholesale Prince Index

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Solution

The correct option is C ratio of GDP at current prices and GDP at constant prices
GDP deflator is a measure of inflation which is calculated as the ratio of GDP at current prices to GDP at constant prices. GDP at current prices=price of current yearquantity of the current year. GDP at constant prices=Prices of base yearquantity of the current year.

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Similar questions

Q. Q. With reference to the GDP deflator, consider the following statements:Which of the following statements is/are correct?

Q. सकल घरेलू उत्पाद अपस्फीतिकारक (Gross Domestic Product Deflator-GDP Deflator) के संदर्भ में निम्नलिखित कथनों पर विचार कीजिए:

GDP अपस्फीतिकारक की गणना वास्तविक GDP द्वारा नाममात्र GDP को विभाजित कर इसे 100 से गुणा करके की जाती है।
थोक मूल्य सूचकांक और उपभोक्ता मूल्य सूचकांक की तुलना में इसके अंतर्गत वस्तुओं का एक सीमित बास्केट होता है।
GDP अपस्फीतिकारक में निर्यात और आयात की कीमतें शामिल होती हैं।

उपर्युक्त कथनों में से कौन सा/से सही है/हैं?

1 only
केवल 1
1 and 2 only
केवल 1 और 2
2 and 3 only
केवल 2 और 3
1, 2 and 3
1, 2 और 3

If Real GDP=600 and nominal GDP=660,find GDP deflator (price index).

State the two principal differences between GDP at current prices and GDP at constant prices.

Q. 20. Which of the following statements are correct
1. GDP evaluated at current market price is used for comparison of GDPs of different countries.
2. Nominal GDP is the value of GDP at the current prevailing prices.
3. Real GDP is evaluated at constant prices.
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

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