GDP deflator shows price level using the ratio of nominal and real GDP. Keep nominal above and real below in the formula.
Step 2
Why this answer is correct
The correct answer is A. \(\frac{Nominal\ GDP}{Real\ GDP}\times 100\). GDP deflator shows price level using the ratio of nominal and real GDP. Keep nominal above and real below in the formula.
Step 3
Exam Tip
GDP deflator nominal और real GDP के अनुपात से price level दिखाता है। Formula में nominal ऊपर और real नीचे रखें।
A. वास्तविक उत्पादन बढ़ा है/Real output has increased
Step 1
Concept
Real GDP shows output after removing price effect. Therefore, real GDP growth indicates an increase in real production.
Step 2
Why this answer is correct
The correct answer is A. वास्तविक उत्पादन बढ़ा है / Real output has increased. Real GDP shows output after removing price effect. Therefore, real GDP growth indicates an increase in real production.
Step 3
Exam Tip
Real GDP price effect हटाकर output दिखाता है। इसलिए real GDP growth वास्तविक उत्पादन वृद्धि का संकेत है।
The nominal growth is being explained by price rise itself. Therefore, real output can be considered almost constant.
Step 2
Why this answer is correct
The correct answer is A. लगभग स्थिर / Almost constant. The nominal growth is being explained by price rise itself. Therefore, real output can be considered almost constant.
Step 3
Exam Tip
Nominal growth price rise से ही explain हो रही है। इसलिए real output लगभग स्थिर माना जा सकता है।
A. औसत घरेलू उत्पादन या आय प्रति व्यक्ति/Average domestic output or income per person
Step 1
Concept
Per capita GDP is obtained by dividing total GDP by population. It shows the average level, not distribution.
Step 2
Why this answer is correct
The correct answer is A. औसत घरेलू उत्पादन या आय प्रति व्यक्ति / Average domestic output or income per person. Per capita GDP is obtained by dividing total GDP by population. It shows the average level, not distribution.
Step 3
Exam Tip
Per capita GDP total GDP को population से भाग देकर मिलता है। यह average level दिखाता है, distribution नहीं।
A. क्योंकि GDP आय वितरण नहीं बताता/Because GDP does not show income distribution
Step 1
Concept
GDP shows total output but not income distribution. Also check inequality in welfare analysis.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि GDP आय वितरण नहीं बताता / Because GDP does not show income distribution. GDP shows total output but not income distribution. Also check inequality in welfare analysis.
Step 3
Exam Tip
GDP total output बताता है लेकिन income distribution नहीं दिखाता। Welfare analysis में inequality को भी देखें।
