Economy - Nominal vs Real GDP, Deflator, Base Year, Growth Rate Simplified for NCERT-confused souls

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Timestamps
00:00 What is GDP?
01:15 GDP current nominal
02:22 Real GDP
03:10 GDP Deflator
04:32 Deflator vs WPI-CPI
05:27 GDP Growth
06:10 Base Effect
07:47 growth vs development
08:12 Base Year Change

In this video, renowned UPSC Educator & Economy Subject Expert Dr. Mrunal Patel (‪@TheMrunalPatel‬ ) will simplify the concepts related to nominal vs real GDP, deflator, growth rate, base year etc. This video is for the benefit of job aspirants in India who are preparing for various competitive exams such as UPSC, SSC-CGL, State Services (StatePSC), Banking, IBPS, RBI, CAPF, CDS, etc.”
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