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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.
Which of the following asset belongs to the flow concept?
Which of the following should be excluded while calculating Gross national Product?
Which of the following transaction is being ignored while calculating national income?
Due to which of the following reasons increase in absolute and per capita real GNP do not connote a higher level of economic development?
If two or more than two goods are used to satisfy the same want, they are called
Price elasticity of demand of a horizontal demand curve is called:
Coefficient of elasticity of demand is negative. It means:
In India what is the current base year being used for the calculation of GDP?
Commodity service method is another name for which of the following methods?
Which of the following statement best describe the role of a “deflator”?
