state gov TSPSC Group 2 (తెలంగాణ గ్రూప్ 2) Mock Test Series General Knowledge Economy National Income Accounting
With reference to GDP deflator, consider the following statements:
1. It is the ratio of GDP measured at current prices to GDP measured at constant prices.
2. It automatically reflects the changes in consumption pattern and structural transformations in the economy.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2