30 points
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)
- UGC NET
- Economics
Kindly help with this question
kindly help with this question......................hhcjkgcgjk
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Ravindra nath mahto![best-answer]()
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.