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Question Practice

How does an increase in the GDP deflator affect the interpretation of economic growth?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
National Income Accounting
Question Bank

How does an increase in the GD...

Single Answer MCQ
Q-00106736

How does an increase in the GDP deflator affect the interpretation of economic growth?

1

It indicates real growth in output.

2

It suggests that any growth is purely inflationary.

3

It suggests improvements in living standards.

4

It is irrelevant to economic growth.

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Q1.

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Q2.

Which of the following is NOT included in GDP calculation using the expenditure method?

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In the expenditure method, which component represents expenditures by households?

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