Consider the following statements:
a. The wholesale price index is a measure of inflation on an economy-wide scale.
b. The consumer price index is the retail price average of a basket of goods and services directly consumed by the people.
c. GDP deflators which distinguish between personal growth in income and price rise.
Which of the statements given above is/are incorrect?1
Only a and b
2
Only c
3
Only a
4
Only b and c
5
Not Attempted