Reference Data: Financial Year (FY) 2020-21 2021-22 2022-23 2023-24 GDP Deflator 100 154.25 168.40 148.25 In which FY the price level has fallen?

CA Foundation · Business Economics · PYQS · September 2025
Reference Data: Financial Year (FY) 2020-21 2021-22 2022-23 2023-24 GDP Deflator 100 154.25 168.40 148.25 In which FY the price level has fallen?
(A) A. FY 2020-21
(B) B. FY 2023-24
(C) C. FY 2022-23
(D) D. FY 2021-22

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. FY 2023-24

Topics: Determination of National Income

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