📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Which of the following provides the measure of the

      general price inflation in an economy?
      A Gross National Product Correct Answer Incorrect Answer
      B Gross Domestic Product Correct Answer Incorrect Answer
      C Gross Value Added Correct Answer Incorrect Answer
      D GDP Deflator Correct Answer Incorrect Answer
      E Gross purchasing parity Correct Answer Incorrect Answer

      Solution

      The GDP deflator, also called implicit price deflator, is a measure of inflation. It is the ratio of the value of goods and services an economy produces in a particular year at current prices to that of prices that prevailed during the base year,

      Practice Next
      More Economic and Social Issues ESI Questions

      Relevant for Exams:

      ask-question