1.

The value of Nominal GNP of an economy was Rs. 2500 crores in a particular year. The value of GNP of that country during the same year evaluated at base year prices was Rs. 3000 crores. (a) Calculate the value of GNP deflator in percentage terms. (b) What does it indicate? (c) What is the possible reason for such a situation?

Answer»

The value of Nominal GNP of an economy was Rs. 2500 crores in a particular year. The value of GNP of that country during the same year evaluated at base year prices was Rs. 3000 crores.

(a) Calculate the value of GNP deflator in percentage terms.

(b) What does it indicate?

(c) What is the possible reason for such a situation?



Discussion

No Comment Found