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Answer : 4. "Inflation"
As per the Indian practices of national accounting, which of the following is adjusted in the nominal Gross Domestic Product (GDP) to arrive at the real GDP?
5Q:
As per the Indian practices of national accounting, which of the following is adjusted in the nominal Gross Domestic Product (GDP) to arrive at the real GDP?
- 1Government borrowingsfalse
- 2Depreciationfalse
- 3Foreign exchangefalse
- 4Inflationtrue
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Answer : 4. "Inflation"
Explanation :
As per Indian practices of national accounting, nominal gross domestic product (GDP) is inflation-adjusted to arrive at real GDP.