Anushka posted an Question
March 17, 2021 • 18:40 pm 30 points
  • 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.

    Adobe Scan Mar 17, 2021 (1).pdf
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    actually the answer given is A.

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    Okay, Anushka Have you understood the meaning of GDP Deflator.

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    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.

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    yeah got it.

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