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 : 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 : If we deduct depreciation from GNP (gross national income), the measure of aggregate income that we obtain is called _____________.

Option 1: Gross Domestic Product at market prices

Option 2: Gross Domestic Product

Option 3: Net National Product

Option 4: Personal income

Question : Net Investment plus Depreciation gives an estimate of which of the following?

Option 1: Gross Domestic Product

Option 2: Personal income

Option 3: Gross investment

Option 4: Private investment

Question : The Gross domestic product (GDP) estimation method measuring the aggregate value of goods and services produced by the firms is called _______.

Option 1: expenditure method

Option 2: consumption method

Option 3: income method

Option 4: product method