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SSC CGL 2022 PYQ — Question 43

SSC CGL - 21 April 2022 - Shift 3 • General Awareness • Q43

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The GDP deflator is also called:

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Correct answer: A

Explanation

The correct answer is option 1 i.e. implicit price deflator.

  • The GDP deflator, also called implicit price deflator, is a measure of inflation.
  •  GDP deflator gets its name from the process of calculating the value of price change as reflected in real and nominal GDP of the country.
  • GDP deflator uses a Paasche price index.