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SSC GD 2021 PYQ — Question 43

SSC GD Constable (English) - 7th December 2021 Shift 1 • General Awareness • Q43

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The GDP deflator is alternatively known as the ________ price deflator.

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Implicit.

  • The GDP Deflator represents the mean price level of all goods and services encompassed within GDP.

  • It is referred to by various names including the Implicit Price Deflator for GDP and the GDP Price Index, all signifying the price index utilized to transform nominal GDP into real GDP