Questions and Answers
What does the Gross Domestic Product (GDP) measure?
The volume of all goods and services produced within an economy during a given period of time
How can India's GDP be compared with that of other countries?
Through the market exchange rate or Purchasing Power Parity (PPP)
What is the main cause of inflation?
Demand-pull pressure
How is Real GDP different from Nominal GDP?
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What does inflation targeting aim to achieve?
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