WBCS.LIVE practice question

GDP Deflator implies—

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Actual GDP of a country in a particular time period
  2. Normal GDP of a country in a particular time period
  3. The ratio of nominal GDP and actual GDP in a particular time period of a country
  4. None of the above

Correct answer and explanation

Correct answer: The ratio of nominal GDP and actual GDP in a particular time period of a country