Civil Services UPSC EPFO (EO/AO) Mock Test 2023 General Knowledge Economy National Income Accounting
Consider the following statements about GDP Deflator:
1. It is an index number which measures inflation.
2. It is used to get the value of Nominal GDP from Real GDP.
Select the correct option from below:
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 or 2