List of top Economics Questions on Inflation

If the real Gross Domestic Product (GDP) of an economy is \$500 billion and the nominal GDP stands at \$600 billion, what is the value of the GDP Deflator?

The Phillips curve shows

Which of the following is excluded from headline inflation to arrive at core inflation?

Arrange the following as steps taken by Central Bank to control the problem of inflation in India through its monetary policy.
A) Commercial Banks will increase their lending rate
B) Borrowing requirements will fall
C) Increase in repurchase agreement rate
D) Reduction of demand for goods and services at macro level
E) Income generation will slow down
Choose the correct answer from the options given below:

Suppose the expected rate of inflation in India is 10% whereas that in US is 4%. What is the expected rate of depreciation of Indian rupee vis-a-vis US Dollar, according to the relative purchasing power parity theory?

The Inflation occurs when the aggregate demand increases at a much higher rate than the aggregate supply is called: