Home
Class 12
ECONOMICS
What is GNP deflator ?...

What is GNP deflator ?

Text Solution

Verified by Experts

It is a statistical tool used to measure the average level of prices of all goods and services that make up GNP.
GNP Deflator `=("Nominal GNP")/("Real GNP")xx100`
Promotional Banner

Topper's Solved these Questions

  • MEASUREMENT OF NATIONAL INCOME : METHODS OF CALCULATING NATIONAL INCOME

    RADHA BHUGANA|Exercise CONCEPTUAL QUESTION|30 Videos

  • MEASUREMENT OF NATIONAL INCOME : METHODS OF CALCULATING NATIONAL INCOME

    RADHA BHUGANA|Exercise Higher Order Thiking Skills|5 Videos

  • MEASUREMENT OF NATIONAL INCOME : METHODS OF CALCULATING NATIONAL INCOME

    RADHA BHUGANA|Exercise MCQs|12 Videos

  • INTRODUCTION- MACROECONOMICS

    RADHA BHUGANA|Exercise guidelines to NCERT questions|2 Videos

  • MONEY

    RADHA BHUGANA|Exercise Guidelines To NCRT Questions|2 Videos

Similar Questions

Explore conceptually related problems

The value of the nominal GNP of an economy was Rs. 2500 crores in a particular year. The value of GNP of that country during the same year, evaluated at the prices of some base year, was Rs. 3000 crores. Calculate the value of the GNP deflator of the year in percentage terms. Has the price level risen between the base year and the year under consideration ?

GDP Deflator|Income Deflator|GNP Deflator |Numerical

What does GNP stand for?

Which of the following is called GDP Deflator?

What is funicle? What is hilum?