If Nominal GNP is ₹ 1,200 and Real GNP is ₹ 500, then GNP Deflator will be 200
True or False with Reasons:
If Nominal GNP is ₹ 1,200 and Real GNP is ₹ 500, then GNP Deflator will be 200.
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False,
GNP would be ₹ 240
Solution:-
GNP Deflator = Nominal GNP/Real GNP × 100
GNP Deflator = 1,200/500 × 100
GNP Deflator = ₹ 240
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