Question : ______________ refers to production of goods and services valued at current price.
 

Option 1: Nominal GDP
 

Option 2: Real GDP
 

Option 3: GDP deflator
 

Option 4: Real national income
 

Question : Which of the following reflects the growth of an economy?
 

Option 1: Nominal GDP
 

Option 2: Real GDP
 

Option 3: GDP deflator
 

Option 4: Current price index
 

Question : ___________________ is the money value of final goods and services produced by the nominal resident of a country in a year, measured at this year‘s price.

Option 1: National income at current price
 

Option 2: National income at constant price
 

Option 3: Nominal national income
 

Option 4: All of the above
 

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

Question : ____________________ is the money value of final goods and services produced by normal resident of a country in an year, measured at the prices of current year.
 

Option 1: National income at current price
 

Option 2: National income at constant price
 

Option 3: Real national income
 

Option 4: All of the above
 

Question : The ratio between the nominal and real GDP is called ____.

Option 1: Net national income

Option 2: Value added GDP

Option 3: Green GDP

Option 4: GDP deflator