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Consider the following statements about GDP Deflator. 1. This is the ratio between GDP at Current Price and GDP at Constant Prices2. If GDP at Current Prices is equal to the GDP at Constant Prices, GDP deflator will be 1, implying no change in the price level3. GDP deflator is acclaimed as a better measure of price behaviour because it covers all goods and services produced in the countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about GDP Deflator. 1. This is the ratio between GDP at Current Price and GDP at Constant Prices2. If GDP at Current Prices is equal to the GDP at Constant Prices, GDP deflator will be 1, implying no change in the price level3. GDP deflator is acclaimed as a better measure of price behaviour because it covers all goods and services produced in the countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about GDP Deflator. 1. This is the ratio between GDP at Current Price and GDP at Constant Prices2. If GDP at Current Prices is equal to the GDP at Constant Prices, GDP deflator will be 1, implying no change in the price level3. GDP deflator is acclaimed as a better measure of price behaviour because it covers all goods and services produced in the countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Consider the following statements about GDP Deflator. 1. This is the ratio between GDP at Current Price and GDP at Constant Prices2. If GDP at Current Prices is equal to the GDP at Constant Prices, GDP deflator will be 1, implying no change in the price level3. GDP deflator is acclaimed as a better measure of price behaviour because it covers all goods and services produced in the countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements about GDP Deflator. 1. This is the ratio between GDP at Current Price and GDP at Constant Prices2. If GDP at Current Prices is equal to the GDP at Constant Prices, GDP deflator will be 1, implying no change in the price level3. GDP deflator is acclaimed as a better measure of price behaviour because it covers all goods and services produced in the countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements about GDP Deflator. 1. This is the ratio between GDP at Current Price and GDP at Constant Prices2. If GDP at Current Prices is equal to the GDP at Constant Prices, GDP deflator will be 1, implying no change in the price level3. GDP deflator is acclaimed as a better measure of price behaviour because it covers all goods and services produced in the countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements about GDP Deflator. 1. This is the ratio between GDP at Current Price and GDP at Constant Prices2. If GDP at Current Prices is equal to the GDP at Constant Prices, GDP deflator will be 1, implying no change in the price level3. GDP deflator is acclaimed as a better measure of price behaviour because it covers all goods and services produced in the countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements about GDP Deflator. 1. This is the ratio between GDP at Current Price and GDP at Constant Prices2. If GDP at Current Prices is equal to the GDP at Constant Prices, GDP deflator will be 1, implying no change in the price level3. GDP deflator is acclaimed as a better measure of price behaviour because it covers all goods and services produced in the countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements about GDP Deflator. 1. This is the ratio between GDP at Current Price and GDP at Constant Prices2. If GDP at Current Prices is equal to the GDP at Constant Prices, GDP deflator will be 1, implying no change in the price level3. GDP deflator is acclaimed as a better measure of price behaviour because it covers all goods and services produced in the countryWhich of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.