Question : GDP deflator =
Option 1: (nominal GDP × Real GDP) × 100
Option 2: (nominal GDP + Real GDP) × 100
Option 3: (nominal GDP - Real GDP) × 100
Option 4: (nominal GDP / Real GDP) × 100
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Correct Answer: (nominal GDP / Real GDP) × 100
Solution : The correct option is (nominal GDP / Real GDP) × 100
The GDP Deflator represents the ratio of nominal GDP to real GDP (adjusted for inflation) and is expressed as a percentage. It is a useful tool for comparing economic output over time.
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Question : Which of the following is the Gross Domestic Product (GDP) Deflator?
Option 1: The ratio of nominal to real GDP
Option 2: The ratio of nominal to real GNP
Option 3: The ratio of nominal to real CPI
Option 4: The ratio of real to nominal GNP
Question : The value of GDP at the current prevailing prices is called _______.
Option 1: nominal GDP
Option 2: current GDP
Option 3: domestic GDP
Option 4: Real GDP
Question : Simplify the given expression. $\frac{120 \times 120 \times 120-100 \times 100 \times 100}{120 \times 120+120 \times 100+100 \times 100}$
Option 1: 20
Option 2: 25
Option 3: 10
Option 4: 15
Question : How many 100-digit positive numbers are there?
Option 1: $9×10^{99}$
Option 2: $9×10^{100}$
Option 3: $10100$
Option 4: $11×10^{98}$
Question : The value of $4 \div 12$ of $[3 \div 4$ of $\{(4-2) \times 6 \div 2\}]-2 \times 6 \div 8+3$ is:
Option 1: $4 \frac{1}{6}$
Option 2: $3 \frac{1}{3}$
Option 3: $2 \frac{1}{3}$
Option 4: $7 \frac{1}{6}$
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