Which of the following statement best describe the role of a “deflator”?
A deflator is a value that allows data to be measured over time in terms of some base period, usually through a price index, in order to distinguish between changes in the money value of a gross national product (GNP) that come from a change in prices, and changes from a change in physical output. The GDP deflator , also called implicit price deflator , is a measure of inflation. It is the ratio of the value of goods and services an economy produces in a particular year at current prices to that of prices that prevailed during the base year.
Statements : G ≥ K ≤ C < O, T = C ≥ K
Conclusions : I. T > O II. G ≤ O
How is W related to S?
How is S related to O?
Which of the following statement is true?
M is the brother of N. N is the brother of O. P is the father of M. Based on these three statements, which of the following statements cannot be definit...
How V related to T?
Which of the following statements is definitely true?
How is K related to S?
If P is the brother of W, then how will P be related to the mother-in-law of H?
How is A related to B?