Which of the following provides correct definition of GNP deflator ........

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Which of the following provides correct definition of GNP deflator?

The ratio of GNP at current prices to the GNP at constant prices.

GNP at current prices divided by Wholesale Price Index.

GNP of current year divided by GNP of the previous year.

None of the above.

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Explanation:

Gross National Product deflator. The ratio of a country's nominal GNP to its real GNP, expressed as a percentage. It measures the percentage increase or decrease in the price of products and services (inflation) by comparing the current GNP to a base period.