WBCS.LIVE practice question

GDP deflator implies—

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

Answer options

  1. Rising trends of prices of goods and services of an economy
  2. Falling trends of prices of goods and services of an economy
  3. Divergency between normal GDP and actual GDP
  4. Both (A) and (C)

Correct answer and explanation

Correct answer: Both (A) and (C)