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Consider the following statements:1. Nominal GDP is calculated so that the goods and services are evaluated at some constant prices.2. Real GDP is the value of GDP at the current prevailing prices.3. GDP Deflator gives an idea about the movement of prices from the base year.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)2 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:1. Nominal GDP is calculated so that the goods and services are evaluated at some constant prices.2. Real GDP is the value of GDP at the current prevailing prices.3. GDP Deflator gives an idea about the movement of prices from the base year.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)2 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. Nominal GDP is calculated so that the goods and services are evaluated at some constant prices.2. Real GDP is the value of GDP at the current prevailing prices.3. GDP Deflator gives an idea about the movement of prices from the base year.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)2 onlyCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Consider the following statements:1. Nominal GDP is calculated so that the goods and services are evaluated at some constant prices.2. Real GDP is the value of GDP at the current prevailing prices.3. GDP Deflator gives an idea about the movement of prices from the base year.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)2 onlyCorrect answer is option 'C'. 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.

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