Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent

/ » Fundamentals of Economics and Management solved MCQs / By
Question:

If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent

A.

Depreciation

B.

Rate of inflation

C.

Rate of interest

D.

Tax burden

Answer» b. Rate of inflation

Note: The above multiple-choice question is for all general and Competitive Exams in India.