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Which of the following statements are true? 1. GDPMP is the market value of all final goods and services produced within the geographical boundary of a country in a year. 2. If the GDP of a country is rising, welfare may not necessarily rise as a consequence. 3. The ratio of nominal GDP to real GDP is called GDP Deflator. 4. The ratio of real GDP to nominal GDP is called GDP Deflator.
This question appeared in the HPSC Prelims 2021 examination (GS-II). It is Question 97 out of 198 questions in this paper.
This question was part of the HPSC Prelims 2021 (GS-II). The HPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all HPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.