If GNP deflator is raised by 40% then which of the following statement is correct?
1- Real GNP will increase at least by 40%
2-Normal GNP will increase at least by 40%
3- Real GNP will increase by 40% but nominal GNP will decrease by 40%
4- Both Nominal GNP and real GNP will increase by 40%
5- Nominal GNP will increase by 40% but Real GNP will decrease by 40%
1- Real GNP will increase at least by 40%
2-Normal GNP will increase at least by 40%
3- Real GNP will increase by 40% but nominal GNP will decrease by 40%
4- Both Nominal GNP and real GNP will increase by 40%
5- Nominal GNP will increase by 40% but Real GNP will decrease by 40%
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