The value of Nominal GDP is 1100 and the value of Real GDP is 1000 Find the value of GDP deflator ........

Economics (CUET) National Income Accounting

The value of Nominal GDP is $ 1100 and the value of Real GDP is $ 1000. Find the value of GDP deflator.

This questions was previously asked in

CUET ECONOMIC Previous Year Paper 2024

0.9

1.1

0.8

To find the GDP deflator, use the formula:

$$ \text{GDP Deflator} = \frac{\text{Nominal GDP}}{\text{Real GDP}} $$

- Nominal GDP is $ 1100.

- Real GDP is $ 1000.

Substitute these values into the formula:

$$ \text{GDP Deflator} = \frac{1100}{1000} = 1.1 $$

Option 2: 1.1 - This is correct.

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