Solved UPSC CDS/OTA Question
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Q · National IncomeModerate · 45s
Which price concept is used for converting nominal GDP to real GDP?
TopicNational Income
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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The GDP deflator measures price change for domestically produced goods/services. CPI/WPI are narrower or different baskets.
Final Answer: Option B - GDP Deflator