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Meghna Thapar 5 years ago
The GDP deflator, also called implicit price deflator, is a measure of inflation. It is the ratio of the value of goods and services an economy produces in a particular year at current prices to that of prices that prevailed during the base year.
(i) Profit earned by a foreign bank is included in domestic product of India because the banks branches are located in the Indian domestic territory. (ii) Scholarships is a trasnfer payment because no service is provided in return. So, it is not included in domestic income.
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