Question

The value of the nominal GNP of an economy was Rs 2,500 crores in aparticular year. The value of GNP of that countiy during the same year evaluated at the prices of the same base year was Rs 3,000 crores. Calculate the value of the GNP deflator of the year in percentage terms??​

Answer 1

hloo friend

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Answer:-

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calculation:-

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GNP deflator = Nominal GNP/ Real GNP x 100 = 83.3%

explanation:-

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what effect on price:-

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the price level did not rise between the base year and the year under consideration. In fact it fell.

hope help u!!

Answer 2

Heya....

GDP deflator will be =

Nominal GDP/Real GDP x 100

GDP deflator is the average of the trial GDP of the country in a counting year...

Nominal GDP that rise only with the rise in price level...

Real GDP increase when flow of goods and service increase

.