Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
Ravindra nath mahto
Look at the given solution.
actually the answer given is A.
Okay, Anushka Have you understood the meaning of GDP Deflator.
Okay, Anushka as I explained that here the GDP Deflator is 110. It means that there is 10% rise in the general price level (or inflation). Now it is given that there is 15% growth of Nominal GDP. And we know that Growth of Nominal GDP is equal to the sum of growth of Real GDP and the Inflation. i.e. Growth of Nominal GDP = Growth of Real GDP + Inflation or 15% = Growth of Real GDP + 10% therefore, Growth of Real GDP = 15% - 10% = 5%. Now the solution is clear. Forget about the previous solution and look at the alternative way. I hope now you may have understood this.
yeah got it.