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Question Practice

Which of the following statements about GDP deflator is true?

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

Which of the following stateme...

Single Answer MCQ
Q-00106740

Which of the following statements about GDP deflator is true?

1

It includes only consumer goods.

2

It only considers imported goods.

3

It measures price change for all domestically produced goods.

4

It is a constant value across different years.

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Q1.

What does GDP stand for?

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Q2.

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

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Q3.

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

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Q4.

What is the formula for GDP using the expenditure method?

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