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Unit 3: Economic Environment of Business
15. Calculate the GDP Deflator from the following: Notes
(a) GDP 3, 20,000
(b) GDP on constant prices 2, 80,000
(c) Nominal GDP 3, 20,000
(d) NDP 2, 30,000
Answers: Self Assessment
1. False 2. False
3. True 4. True
5. True 6. True
7. False 8. True
9. Mixed 10. FERA
11. Capital/Infrastructure 12. GNP
13. Disinflation 14. Demand Pull
15. Supply Side 16. 236.25
3.10 Further Readings
Books Bedi Suresh, Business Environment, Excel Books, 2006
Mishra, Puri, Economic Environment of Business, Himalaya Publications House,
2006
Mittal Vivek, Business Environment, Excel Books, 2007
Starling, Grower, The Changing Environment of Business, Cincinnati, OH, South-
Western College Publishing, 1996
Weidenbaum, Marray L., Business and Government in the Global Market Place, Upper
Saddle River, NJ Prentice Hall, 1999
Online links economictrends.blogspot.com
www.business-standard.com/.../search_news.php?...inflation
www.economywatch.com/...economic.../global-economic-trends
www.inderscience.com/search/index.php?action
www.investopedia.com/terms/i/inflation
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