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Q9 · UPPSC current affairs · 4 September 2026 · News · GDP Base Year Rebasing and Double Deflation Method

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Consider the following statements regarding GDP base year rebasing and national accounts:1.The National Statistical Office (NSO) is scheduled to release an updated GDP back series and new base year series.2.Double deflation is a method that uses a single uniform price index for both output and inputs to calculate nominal GDP.Which of the statements given above is/are correct?

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A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2

Correct answer: (a) 1 only

Explanation

Statement 1 is correct as the NSO is scheduled to release the updated GDP back series and new base year series. Statement 2 is incorrect because double deflation uses separate, specific price indices for gross output and intermediate inputs.

Same topic · past papers

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