Which of the following is incorrect?

CA Foundation · Business Economics · MTP · June 2024
Which of the following is incorrect?
(A) A. GDP MP = GDP FC + NET INDIRECT TAXES
(B) B. Nominal GDP is GDP at current prices.
(C) C. GDP deflator takes out effect of deflation in economy
(D) D. All of the above

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. GDP deflator takes out effect of deflation in economy

Topics: Determination of National Income

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