Question
Which of the following statement best describe the role
of a “deflator”?Solution
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.
In which country is the Wimbledon tennis competition organized?
Who was the author of the book “Natyashastra”?
Kerala has signed an MoU with which of the following European countries to study state history in a better way?
Articles 14 to 18 of the Indian Constitution deal with:
Recently the Chief Minister of West Bengal, Smt Mamta Banerjee has announced how many new districts in the state to make the total of 30 districts.
At which place of Uttar Pradesh state, 'The Electronic City' is going to be established?
What was the theme for “World Milk Day” this year?
Who among the following was not the Chief Minister of Uttar Pradesh?
Which institution is primarily responsible for issuing Kisan Credit Cards?
The first Music College that was established for music education in U.P. was :
