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Which of the following statements about gdp is correct

By Megha Chandrashekar

Consider the following statements about GDP Deflator:

Which of the following statements about gdp is correct

1. It is an index number which measures inflation.

2. It is used to get the value of Nominal GDP from Real GDP.

Select the correct option from below:

Option 1 : 1 only

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By Megha Chandrashekar
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Megha Chandrashekar is a former Special Education Assistant who now spends her days running after her toddlers, all the while pursuing a freelance writing career
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