Which is the best measure of an economy's economic growth in real terms? (CDS PYQ)
ANominal GDP growth rate
BReal GDP growth rate
CGross National Product growth
DPer capita nominal GDP growth
Question 3
GDP Deflator is calculated as: (CDS PYQ)
AConsumer Price Index divided by Wholesale Price Index
BNominal GDP divided by Real GDP, multiplied by 100
CReal GDP divided by Nominal GDP, multiplied by 100
DReal GDP minus Nominal GDP, expressed as a percentage
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