Question : GDP deflator =

Option 1: (nominal GDP × Real GDP) × 100

Option 2: (nominal GDP + Real GDP) × 100

Option 3: (nominal GDP - Real GDP) × 100

Option 4: (nominal GDP / Real GDP) × 100

Question : Which of the following is the Gross Domestic Product (GDP) Deflator?

Option 1: The ratio of nominal to real GDP

Option 2: The ratio of nominal to real GNP

Option 3: The ratio of nominal to real CPI

Option 4: The ratio of real to nominal GNP

Question : The ____ exchange rate is the price of one unit of foreign currency in terms of domestic currency.

Option 1: artificial

Option 2: nominal

Option 3: fixed

Option 4: real

Question : The Gross domestic product (GDP) estimation method measuring the aggregate value of goods and services produced by the firms is called _______.

Option 1: expenditure method

Option 2: consumption method

Option 3: income method

Option 4: product method

Question : If we deduct depreciation from GNP (gross national income), the measure of aggregate income that we obtain is called _____________.

Option 1: Gross Domestic Product at market prices

Option 2: Gross Domestic Product

Option 3: Net National Product

Option 4: Personal income