📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • âś–

      Question

      Which adjustment is made to nominal GDP to compute real

      GDP in Indian national accounting practices?
      A Depreciation Correct Answer Incorrect Answer
      B Government borrowings Correct Answer Incorrect Answer
      C Inflation Correct Answer Incorrect Answer
      D Foreign exchange Correct Answer Incorrect Answer

      Solution

      Real GDP is calculated by adjusting the nominal GDP for inflation. This adjustment provides a more accurate measure of economic growth by excluding the effects of price changes over time.

      Practice Next

      Relevant for Exams:

      ask-question