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Economics Real GDP and Nominal GDP MCQ Questions for Class 12 Commerce

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01 Practice Topic GDP and Welfare 600 MCQs 02 Practice Topic Aggregates related to national income - GDP 600 MCQs 03 Practice Topic Aggregates related to national income - GNP 600 MCQs 04 Practice Topic Aggregates related to national income - Market price and factor cost 600 MCQs 05 Practice Topic Aggregates related to national income - NDP 600 MCQs 06 Practice Topic Aggregates related to national income - NNP 600 MCQs 07 Practice Topic Circular flow of income: two-sector model 600 MCQs 08 Practice Topic Consumption goods, capital goods, final goods, intermediate goods 600 MCQs

Real GDP and Nominal GDP Practice Questions

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Question 401/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि वास्तविक सकल घरेलू उत्पाद 640 करोड़ रुपये और नाममात्र सकल घरेलू उत्पाद 768 करोड़ रुपये है तो सकल घरेलू उत्पाद अपस्फीतिकार कितना होगा?

If real GDP is ₹640 crore and nominal GDP is ₹768 crore, what is the GDP deflator?

Explanation opens after your attempt
Correct Answer

C. 120

Step 1

Concept

GDP deflator \(=\frac{768}{640}\times100=120\). It shows the price level relative to the base year.

Step 2

Why this answer is correct

The correct answer is C. 120. GDP deflator \(=\frac{768}{640}\times100=120\). It shows the price level relative to the base year.

Step 3

Exam Tip

सकल घरेलू उत्पाद अपस्फीतिकार \(=\frac{768}{640}\times100=120\) है। यह आधार वर्ष की तुलना में मूल्य स्तर बताता है।

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Question 402/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

किसी अर्थव्यवस्था में उत्पादन मात्रा 12 प्रतिशत बढ़ी और औसत कीमतें 8 प्रतिशत बढ़ीं। नाममात्र सकल घरेलू उत्पाद की सटीक वृद्धि दर कितनी होगी?

In an economy output quantity rises by 12 percent and average prices rise by 8 percent. What is the exact growth rate of nominal GDP?

Explanation opens after your attempt
Correct Answer

B. 20.96 प्रतिशत20.96 percent

Step 1

Concept

Nominal growth (=\(1.12\times1.08-1\)\times100=20.96) percent. Include the multiplicative effect of both growth rates.

Step 2

Why this answer is correct

The correct answer is B. 20.96 प्रतिशत / 20.96 percent. Nominal growth (=\(1.12\times1.08-1\)\times100=20.96) percent. Include the multiplicative effect of both growth rates.

Step 3

Exam Tip

नाममात्र वृद्धि (=\(1.12\times1.08-1\)\times100=20.96) प्रतिशत है। दोनों वृद्धि दरों का गुणन प्रभाव शामिल करें।

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Question 403/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि नाममात्र सकल घरेलू उत्पाद 24 प्रतिशत बढ़े और मूल्य स्तर 20 प्रतिशत बढ़े तो वास्तविक सकल घरेलू उत्पाद की सटीक वृद्धि दर लगभग कितनी होगी?

If nominal GDP rises by 24 percent and the price level rises by 20 percent, what is the approximate exact growth rate of real GDP?

Explanation opens after your attempt
Correct Answer

A. 3.33 प्रतिशत3.33 percent

Step 1

Concept

Real growth (=\left\(\frac{1.24}{1.20}-1\right\)\times100\approx3.33) percent. Simply subtracting 20 from 24 is not exact.

Step 2

Why this answer is correct

The correct answer is A. 3.33 प्रतिशत / 3.33 percent. Real growth (=\left\(\frac{1.24}{1.20}-1\right\)\times100\approx3.33) percent. Simply subtracting 20 from 24 is not exact.

Step 3

Exam Tip

वास्तविक वृद्धि (=\left\(\frac{1.24}{1.20}-1\right\)\times100\approx3.33) प्रतिशत है। केवल 24 में से 20 घटाना सटीक नहीं है।

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Question 404/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

आधार वर्ष में गेहूं की कीमत 25 रुपये और कपड़े की कीमत 80 रुपये है। चालू वर्ष में क्रमशः 60 और 15 इकाइयां उत्पादित हुईं। वास्तविक सकल घरेलू उत्पाद कितना है?

Base-year prices of wheat and cloth are ₹25 and ₹80. Current-year quantities are 60 and 15 units respectively. What is real GDP?

Explanation opens after your attempt
Correct Answer

C. 2700 रुपये₹2700

Step 1

Concept

Real GDP \(=60\times25+15\times80=₹2700\). Value current quantities at base-year prices.

Step 2

Why this answer is correct

The correct answer is C. 2700 रुपये / ₹2700. Real GDP \(=60\times25+15\times80=₹2700\). Value current quantities at base-year prices.

Step 3

Exam Tip

वास्तविक सकल घरेलू उत्पाद \(=60\times25+15\times80=2700\) रुपये है। चालू मात्रा को आधार वर्ष की कीमतों पर मूल्यांकित करें।

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Question 405/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि सकल घरेलू उत्पाद अपस्फीतिकार 75 है तो इसका सही अर्थ क्या है?

If the GDP deflator is 75, what is the correct interpretation?

Explanation opens after your attempt
Correct Answer

A. चालू मूल्य स्तर आधार वर्ष से 25 प्रतिशत कम हैCurrent price level is 25 percent below the base year

Step 1

Concept

A deflator of 75 means the current average price level is 75 percent of the base-year level. Therefore it is 25 percent lower.

Step 2

Why this answer is correct

The correct answer is A. चालू मूल्य स्तर आधार वर्ष से 25 प्रतिशत कम है / Current price level is 25 percent below the base year. A deflator of 75 means the current average price level is 75 percent of the base-year level. Therefore it is 25 percent lower.

Step 3

Exam Tip

अपस्फीतिकार 75 का अर्थ है कि चालू औसत मूल्य स्तर आधार वर्ष के 75 प्रतिशत के बराबर है। इसलिए यह 25 प्रतिशत कम है।

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Question 406/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि वास्तविक सकल घरेलू उत्पाद स्थिर रहे और नाममात्र सकल घरेलू उत्पाद 18 प्रतिशत बढ़े तो सामान्यतः क्या निष्कर्ष निकलेगा?

If real GDP remains constant while nominal GDP rises by 18 percent, what can generally be concluded?

Explanation opens after your attempt
Correct Answer

A. औसत मूल्य स्तर लगभग 18 प्रतिशत बढ़ाAverage price level rose by about 18 percent

Step 1

Concept

When real output is constant nominal growth reflects higher prices. Therefore the average price level rose by about 18 percent.

Step 2

Why this answer is correct

The correct answer is A. औसत मूल्य स्तर लगभग 18 प्रतिशत बढ़ा / Average price level rose by about 18 percent. When real output is constant nominal growth reflects higher prices. Therefore the average price level rose by about 18 percent.

Step 3

Exam Tip

वास्तविक उत्पादन स्थिर होने पर नाममात्र वृद्धि मूल्य वृद्धि को दर्शाती है। इसलिए औसत मूल्य स्तर लगभग 18 प्रतिशत बढ़ा।

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Question 407/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि वास्तविक सकल घरेलू उत्पाद 900 करोड़ रुपये और सकल घरेलू उत्पाद अपस्फीतिकार 140 है तो नाममात्र सकल घरेलू उत्पाद कितना होगा?

If real GDP is ₹900 crore and the GDP deflator is 140, what is nominal GDP?

Explanation opens after your attempt
Correct Answer

C. 1260 करोड़ रुपये₹1260 crore

Step 1

Concept

Nominal GDP \(=\frac{900\times140}{100}=₹1260\) crore. Rearrange the deflator formula.

Step 2

Why this answer is correct

The correct answer is C. 1260 करोड़ रुपये / ₹1260 crore. Nominal GDP \(=\frac{900\times140}{100}=₹1260\) crore. Rearrange the deflator formula.

Step 3

Exam Tip

नाममात्र सकल घरेलू उत्पाद \(=\frac{900\times140}{100}=1260\) करोड़ रुपये है। अपस्फीतिकार सूत्र को पुनर्व्यवस्थित करें।

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Question 408/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि उत्पादन मात्रा 10 प्रतिशत घटे और कीमतें 20 प्रतिशत बढ़ें तो नाममात्र सकल घरेलू उत्पाद में सटीक परिवर्तन क्या होगा?

If output quantity falls by 10 percent and prices rise by 20 percent, what is the exact change in nominal GDP?

Explanation opens after your attempt
Correct Answer

A. 8 प्रतिशत की वृद्धि8 percent rise

Step 1

Concept

The nominal ratio \(=0.90\times1.20=1.08\). Therefore nominal GDP rises by 8 percent.

Step 2

Why this answer is correct

The correct answer is A. 8 प्रतिशत की वृद्धि / 8 percent rise. The nominal ratio \(=0.90\times1.20=1.08\). Therefore nominal GDP rises by 8 percent.

Step 3

Exam Tip

नाममात्र अनुपात \(=0.90\times1.20=1.08\) है। इसलिए नाममात्र सकल घरेलू उत्पाद 8 प्रतिशत बढ़ेगा।

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Question 409/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

एक वस्तु की आधार वर्ष कीमत 16 रुपये और चालू वर्ष कीमत 20 रुपये है। चालू वर्ष में 150 इकाइयां बनीं। वास्तविक और नाममात्र योगदान क्रमशः कितना होगा?

A good has a base-year price of ₹16 and a current-year price of ₹20. Current-year output is 150 units. What are its real and nominal contributions respectively?

Explanation opens after your attempt
Correct Answer

A. 2400 रुपये और 3000 रुपये₹2400 and ₹3000

Step 1

Concept

Real contribution \(=150\times16=₹2400\) and nominal contribution \(=150\times20=₹3000\). The price year differs in the two measures.

Step 2

Why this answer is correct

The correct answer is A. 2400 रुपये और 3000 रुपये / ₹2400 and ₹3000. Real contribution \(=150\times16=₹2400\) and nominal contribution \(=150\times20=₹3000\). The price year differs in the two measures.

Step 3

Exam Tip

वास्तविक योगदान \(=150\times16=2400\) रुपये और नाममात्र योगदान \(=150\times20=3000\) रुपये है। दोनों में कीमत का वर्ष अलग है।

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Question 410/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि नाममात्र सकल घरेलू उत्पाद वास्तविक सकल घरेलू उत्पाद से 50 प्रतिशत अधिक है तो सकल घरेलू उत्पाद अपस्फीतिकार कितना होगा?

If nominal GDP is 50 percent higher than real GDP, what is the GDP deflator?

Explanation opens after your attempt
Correct Answer

C. 150

Step 1

Concept

Nominal GDP is (1.50) times real GDP. Therefore the deflator is \(=1.50\times100=150\).

Step 2

Why this answer is correct

The correct answer is C. 150. Nominal GDP is (1.50) times real GDP. Therefore the deflator is \(=1.50\times100=150\).

Step 3

Exam Tip

नाममात्र सकल घरेलू उत्पाद वास्तविक का (1.50) गुना है। इसलिए अपस्फीतिकार \(=1.50\times100=150\) होगा।

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