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प्रश्न
Define GDP deflator.
उत्तर
The GDP deflator is a measure of price inflation or deflation relative to a particular base year. It represents changes in the price levels of all commodities and services that contribute to a country's GDP.
The GDP deflator is calculated as:
GDP Deflator = `"Nominal GDP"/"Real GDP" xx 100`
APPEARS IN
संबंधित प्रश्न
National income
Explain various types of investment expenditure.
Giving reason explain how the following should be treated in the estimation of national income:
Payment of interest by an individual to a bank
How should the following be treated while estimating national income? You must give the reason in support of your answer.
Addition to stocks during a year
State whether the following statement is True or False
Total Revenue = Total quantity x Price.
Answer in detail:
Explain the Output method of measuring National income.
Write short note on:
Value added approach
Define or explain the following concept:
National income
Define or explain the following concept:
Personal income
State whether the following statement is true or false.
GDP includes net income from abroad.
Complete the following statement.
NNP is obtained by ______.
PASSAGE
Corona has slowed down the economy Lockdown imposed to contain the spread of Corona virus had resulted in closure of manufacturing and business activities. During this financial year, the economy is expected to move towards a contractionary phase rather than expansionary phase. This has been stated in the budget. This is the first paperless budget in the history of India. At the same time, it is the third post-independence budget to be presented at a time when the economy is shrinking. The budget shows a fiscal deficit of more than 5%.
The Union Finance Minister has presented a budget that seeks to accelerate the economy by balancing the impact of Corona on the economy on one hand and growing expectations of all sectors on the other. A significant increase in the allocation for Healthcare by 137% is a feature of this budget. In this budget, the expected revenue for the year 212-2022 is Rs. 34,35, 000crore and the expected expenditure is Rs. 35,83, 000 crore.
Attempts have been made to boost infrastructure, education, agricultural production, employment generation and industry, but the Income tax status quo has remained the same. The budget provides Rs.16.5 lakh crore for agricultural credit, Rs. 223,000 crore for health facilities, Rs. 3 lakh crore for Power Distribution Scheme, Rs. 15,700 crore for Small and Medium Enterprises and Rs. 20,000 crore for Government Bank Capital.
- What is the percentage increase in the provision for Healthcare? (1 mark)
- Mention the sectors that have been promoted in this budget. (1 mark)
- Express your personal opinion based on the above information regarding the budget ( 2 marks)
Which is the largest figure?
GNP =______ + Net factor income from abroad.
Write the formula for calculating GNP.
Trace the relationship between GNP and NNP.
Explain briefly NNP at factor cost.
Explain the meaning of non-market activities.
If economic subsidies are added to and Indirect taxes are substracted from the national income at market prices, then it will be equal to ______.
Which of the following is not a component of domestic income?
