Question 1
Economy
GS-III
Economy
15.0 Marks
Question
“The GDP deflator provides a broader measure of inflation than the Consumer Price Index (CPI), but it is not always the most suitable indicator of the cost-of-living pressures faced by households.” Discuss the differences between the GDP deflator and CPI and examine their respective significance for economic policy.
Writing Tips
- Start with a short introduction.
- Use headings and sub-headings.
- Support with facts, examples and reports.
- Draw diagrams or flowcharts whenever relevant.
- Finish with a balanced conclusion.
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