National Income · UPSC CDS/OTA · Question 3 of 30

National Income – Question 3

Step-by-step solution. National Income for UPSC CDS/OTA.

Topic
National Income
Subject
General Studies
Difficulty
Medium
Solve Time
45–60 sec

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Q · National IncomeMedium · 45s

Consider the following statements about GDP deflators: 1. GDP deflator is a measure of inflation. 2. It uses a fixed basket of goods and services. Which is correct?

TopicNational Income
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained — no skipped algebra.

GDP deflators do not use a fixed basket; it adjusts for current production.

Final Answer: Option A — 1 only
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National Income Question 3 – UPSC CDS/OTA