If GNP deflator is raised by 40% then which of the following statement is correct?
Tap an option to check your answer.
1 mark, −0.33MacroeconomicsNational income accountingPrice indices: the GDP deflator and CPIModerateabout 1 min
UoH 2011 Question 34: National income accounting
Answer and worked solution
Checking your account…
National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on Price indices: the GDP deflator and CPI, part of National income accounting in Macroeconomics.
How the price level and inflation are measured, and how the deflator differs from the CPI.
TestStop has 18 past-paper questions on this subtopic.
Similar questions from other papers
- Which one of the following is not a principal macro-economic goal?
- Which one of the following statements is CORRECT in the context of Gross Domestic Product (GDP) calculation?
- Which of the following is excluded from headline inflation to arrive at core inflation?
- Which of the following statements is/are CORRECT in the context of National Income Accounting?
- If a Japanese citizen owns an apartment in India, then the rental income that she earns from that apartment is part of.
Question from the UoH 2011 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.