Which of the following statements is/are correct? 1. GDP deflator captures the average price of an unchanging basket of …
Q1
Which of the following statements is/are correct?1. GDP deflator captures the average price of an unchanging basket of commodities that constitutes the GDP of the country.2. GDP deflator can be used to measure the real GDP of the economy but not the inflation rate. Select the correct answer using the code given below.
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