1.

Assume that GDP in the year 2007 was ₹1,200 which rose to ₹1,800 in 2008. Calculate GDP deflator.

Answer»

GDP deflator = Current year GDP / Base year 

GDP x 100 

= 1800/1200 × 100 

= 1.5 × 100 

= 1.5 (in percentage terms 150)



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