WBCS.LIVE practice question

Which of the following is called GDP Deflator?

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

Answer options

  1. Ratio of nominal to real GDP
  2. Ratio of nominal to real GNP
  3. Ratio of nominal to real CPI
  4. Ratio of real to nominal GDP

Correct answer and explanation

Correct answer: Ratio of nominal to real GDP