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
Correct Answer: GDP deflator
Solution : The correct option is the GDP deflator.
The GDP deflator is a measure that quantifies the extent of inflation or deflation in an economy by comparing the nominal GDP (current prices) to the real GDP (constant prices). It reflects the overall price changes in all goods and services produced, providing insights into the economy's inflationary or deflationary tendencies.
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Question : Net National Product of a country is:
Option 1: Gross Domestic Product (GDP) minus depreciation allowances
Option 2: Gross Domestic Product (GDP) plus net income from abroad
Option 3: Gross National Product (GNP) minus net income from abroad
Option 4: Gross National Product (GNP) minus depreciation allowances
Question : The total value of goods and services produced in a country during a given period is
Option 1: disposable income
Option 2: national income
Option 3: per capita income
Option 4: net national income
Question : What is the full form of GNI?
Option 1: Gross National Interest
Option 2: Gross National Income
Option 3: Gross Net Interest
Option 4: Gross Net Income
Question : Which one of the following is not a method of measurement of national income?
Option 1: Value-added method
Option 2: Income method
Option 3: Investment method
Option 4: Expenditure method
Question : Gross Domestic Product (GNP) - Depreciation allowances = ____________.
Option 1: National Income
Option 2: Net Domestic Product (NDP)
Option 3: Net National Product (NNP)
Option 4: Gross National Product (GNP)
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