Economics (M.Phil./Ph.D.) 2015 Panjab University Entrance Exam With Answers

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24.

The GNP deflator :

A: Measures the real value of constant GNP
B: Is used to measure real household income over time
C: Is an index of price changes in GNP over time
D: Is an index of changes in wholesale prices over time

The answer is: C

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