Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy National Income Accounting
Which of the following statements are true ?
1. GDPMP is the market value of all final Goods and Services produced within the geographical boundary of a country in a year.
2. If the GDP of a country is rising, the welfare may not rise as a consequence.
3. The ratio of nominal GDP to Real GDP is called GDP Deflator.
4. The ratio of real GDP to nominal GDP is called GDP Deflator.
1
1, 2 and 3 only
2
2, 3 and 4 only
3
1, 3 and 4 only
4
1, 2 and 4 only