Q. 114.7( 3 Votes )
The value o
Nominal GNP = Rs.2500
Real GNP = Rs.3000
GNP deflator = (Nominal GNP/Real GNP) X 100
= (2500/3000) X 100
No, the price level has not risen but fallen down by 16.67 % [(100 - 83.33) %].
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