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

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Real GDP and Nominal GDP Practice Questions

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Question 421/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

एक अर्थव्यवस्था में नाममात्र सकल घरेलू उत्पाद 1320 करोड़ रुपये और वास्तविक सकल घरेलू उत्पाद 1100 करोड़ रुपये है। सकल घरेलू उत्पाद अपस्फीतिकार कितना है?

An economy has nominal GDP of ₹1320 crore and real GDP of ₹1100 crore. What is the GDP deflator?

Explanation opens after your attempt

Correct Answer

C. 120

Step 1

Concept

GDP deflator \(=\frac{1320}{1100}\times100=120\). This means the average price level is 20 percent above the base year.

Step 2

Why this answer is correct

The correct answer is C. 120. GDP deflator \(=\frac{1320}{1100}\times100=120\). This means the average price level is 20 percent above the base year.

Step 3

Exam Tip

सकल घरेलू उत्पाद अपस्फीतिकार \(=\frac{1320}{1100}\times100=120\) है। इसका अर्थ औसत मूल्य स्तर आधार वर्ष से 20 प्रतिशत अधिक है।

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Question 422/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि वास्तविक सकल घरेलू उत्पाद 720 से बढ़कर 792 हो और जनसंख्या 80 से बढ़कर 88 हो तो प्रति व्यक्ति वास्तविक सकल घरेलू उत्पाद में क्या परिवर्तन होगा?

If real GDP rises from 720 to 792 and population rises from 80 to 88, what happens to real GDP per capita?

Explanation opens after your attempt

Correct Answer

B. अपरिवर्तित रहता हैRemains unchanged

Step 1

Concept

Initial real GDP per capita \(=\frac{720}{80}=9\) and the new value \(=\frac{792}{88}=9\). Therefore there is no change.

Step 2

Why this answer is correct

The correct answer is B. अपरिवर्तित रहता है / Remains unchanged. Initial real GDP per capita \(=\frac{720}{80}=9\) and the new value \(=\frac{792}{88}=9\). Therefore there is no change.

Step 3

Exam Tip

प्रारंभिक प्रति व्यक्ति वास्तविक सकल घरेलू उत्पाद \(=\frac{720}{80}=9\) और नया \(=\frac{792}{88}=9\) है। इसलिए कोई परिवर्तन नहीं है।

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Question 423/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि नाममात्र सकल घरेलू उत्पाद 16 प्रतिशत घटे और मूल्य स्तर 20 प्रतिशत घटे तो वास्तविक सकल घरेलू उत्पाद की सटीक वृद्धि दर कितनी होगी?

If nominal GDP falls by 16 percent and the price level falls by 20 percent, what is the exact growth rate of real GDP?

Explanation opens after your attempt

Correct Answer

B. 5 प्रतिशत5 percent

Step 1

Concept

The real GDP ratio \(=\frac{0.84}{0.80}=1.05\). Therefore real GDP rises by 5 percent.

Step 2

Why this answer is correct

The correct answer is B. 5 प्रतिशत / 5 percent. The real GDP ratio \(=\frac{0.84}{0.80}=1.05\). Therefore real GDP rises by 5 percent.

Step 3

Exam Tip

वास्तविक अनुपात \(=\frac{0.84}{0.80}=1.05\) है। इसलिए वास्तविक सकल घरेलू उत्पाद 5 प्रतिशत बढ़ेगा।

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Question 424/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

वास्तविक सकल घरेलू उत्पाद को आर्थिक कल्याण का अपूर्ण माप क्यों माना जाता है?

Why is real GDP considered an incomplete measure of economic welfare?

Explanation opens after your attempt

Correct Answer

A. यह अवकाश और पर्यावरण गुणवत्ता को पूर्णतः नहीं मापताIt does not fully measure leisure and environmental quality

Step 1

Concept

Real GDP measures production but does not fully reflect welfare factors such as leisure and environmental quality. Distinguish production from welfare.

Step 2

Why this answer is correct

The correct answer is A. यह अवकाश और पर्यावरण गुणवत्ता को पूर्णतः नहीं मापता / It does not fully measure leisure and environmental quality. Real GDP measures production but does not fully reflect welfare factors such as leisure and environmental quality. Distinguish production from welfare.

Step 3

Exam Tip

वास्तविक सकल घरेलू उत्पाद उत्पादन का माप है लेकिन अवकाश और पर्यावरण जैसी कल्याणकारी बातों को पूर्णतः नहीं दर्शाता। परीक्षा में उत्पादन और कल्याण अलग रखें।

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Question 425/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि आधार वर्ष बहुत पुराना हो तो वास्तविक सकल घरेलू उत्पाद के मापन में कौन सी कठिनाई हो सकती है?

What difficulty may arise in measuring real GDP if the base year is very old?

Explanation opens after your attempt

Correct Answer

A. वर्तमान उत्पादन संरचना के लिए मूल्य भार अनुपयुक्त हो सकते हैंPrice weights may be unsuitable for the current production structure

Step 1

Concept

A very old base year does not properly weight new goods and a changing production structure. Therefore the base year is revised periodically.

Step 2

Why this answer is correct

The correct answer is A. वर्तमान उत्पादन संरचना के लिए मूल्य भार अनुपयुक्त हो सकते हैं / Price weights may be unsuitable for the current production structure. A very old base year does not properly weight new goods and a changing production structure. Therefore the base year is revised periodically.

Step 3

Exam Tip

बहुत पुराना आधार वर्ष नई वस्तुओं और बदलती उत्पादन संरचना को उचित भार नहीं देता। इसलिए समय समय पर आधार वर्ष बदला जाता है।

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Question 426/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि चालू वर्ष में किसी वस्तु की मात्रा 40 इकाइयां और कीमत 90 रुपये है जबकि आधार वर्ष कीमत 75 रुपये थी तो उस वस्तु का सकल घरेलू उत्पाद अपस्फीतिकार कितना है?

If a good has a current quantity of 40 units and a current price of ₹90 while its base-year price was ₹75, what is its GDP deflator?

Explanation opens after your attempt

Correct Answer

C. 120

Step 1

Concept

The deflator \(=\frac{40\times90}{40\times75}\times100=120\). The common quantity cancels out.

Step 2

Why this answer is correct

The correct answer is C. 120. The deflator \(=\frac{40\times90}{40\times75}\times100=120\). The common quantity cancels out.

Step 3

Exam Tip

अपस्फीतिकार \(=\frac{40\times90}{40\times75}\times100=120\) है। समान मात्रा दोनों ओर से कट जाती है।

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Question 427/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि नाममात्र सकल घरेलू उत्पाद और सकल घरेलू उत्पाद अपस्फीतिकार दोनों 10 प्रतिशत बढ़ें तो वास्तविक सकल घरेलू उत्पाद की सटीक वृद्धि दर क्या होगी?

If nominal GDP and the GDP deflator both rise by 10 percent, what is the exact growth rate of real GDP?

Explanation opens after your attempt

Correct Answer

A. 0 प्रतिशत0 percent

Step 1

Concept

The real GDP ratio \(=\frac{1.10}{1.10}=1\). Therefore real GDP does not change.

Step 2

Why this answer is correct

The correct answer is A. 0 प्रतिशत / 0 percent. The real GDP ratio \(=\frac{1.10}{1.10}=1\). Therefore real GDP does not change.

Step 3

Exam Tip

वास्तविक अनुपात \(=\frac{1.10}{1.10}=1\) है। इसलिए वास्तविक सकल घरेलू उत्पाद में कोई परिवर्तन नहीं होगा।

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Question 428/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि वास्तविक सकल घरेलू उत्पाद 25 प्रतिशत बढ़े और मूल्य स्तर 20 प्रतिशत घटे तो नाममात्र सकल घरेलू उत्पाद में सटीक परिवर्तन क्या होगा?

If real GDP rises by 25 percent and the price level falls by 20 percent, what is the exact change in nominal GDP?

Explanation opens after your attempt

Correct Answer

A. कोई परिवर्तन नहींNo change

Step 1

Concept

The nominal ratio \(=1.25\times0.80=1\). Therefore nominal GDP remains unchanged.

Step 2

Why this answer is correct

The correct answer is A. कोई परिवर्तन नहीं / No change. The nominal ratio \(=1.25\times0.80=1\). Therefore nominal GDP remains unchanged.

Step 3

Exam Tip

नाममात्र अनुपात \(=1.25\times0.80=1\) है। इसलिए नाममात्र सकल घरेलू उत्पाद अपरिवर्तित रहेगा।

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Question 429/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि दो देशों का नाममात्र सकल घरेलू उत्पाद समान हो लेकिन दूसरे देश का सकल घरेलू उत्पाद अपस्फीतिकार कम हो तो किस देश का वास्तविक सकल घरेलू उत्पाद अधिक होगा?

If two countries have the same nominal GDP but the second country has a lower GDP deflator, which country will have higher real GDP?

Explanation opens after your attempt

Correct Answer

B. दूसरा देशThe second country

Step 1

Concept

With the same nominal GDP a lower deflator indicates greater real output. Therefore the second country has higher real GDP.

Step 2

Why this answer is correct

The correct answer is B. दूसरा देश / The second country. With the same nominal GDP a lower deflator indicates greater real output. Therefore the second country has higher real GDP.

Step 3

Exam Tip

समान नाममात्र सकल घरेलू उत्पाद पर कम अपस्फीतिकार अधिक वास्तविक उत्पादन दर्शाता है। इसलिए दूसरे देश का वास्तविक सकल घरेलू उत्पाद अधिक होगा।

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Question 430/599 Hard Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

नाममात्र सकल घरेलू उत्पाद 1500 करोड़ रुपये और वास्तविक सकल घरेलू उत्पाद नाममात्र का 75 प्रतिशत है। सकल घरेलू उत्पाद अपस्फीतिकार कितना होगा?

Nominal GDP is ₹1500 crore and real GDP is 75 percent of nominal GDP. What is the GDP deflator?

Explanation opens after your attempt

Correct Answer

D. 133.33

Step 1

Concept

Real GDP \(=0.75\times1500=₹1125\) crore. The deflator \(=\frac{1500}{1125}\times100\approx133.33\).

Step 2

Why this answer is correct

The correct answer is D. 133.33. Real GDP \(=0.75\times1500=₹1125\) crore. The deflator \(=\frac{1500}{1125}\times100\approx133.33\).

Step 3

Exam Tip

वास्तविक सकल घरेलू उत्पाद \(=0.75\times1500=1125\) करोड़ रुपये है। अपस्फीतिकार \(=\frac{1500}{1125}\times100\approx133.33\) है।

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

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वास्तविक सकल घरेलू उत्पाद को आर्थिक कल्याण का अपूर्ण माप क्यों माना जाता है?

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यदि आधार वर्ष बहुत पुराना हो तो वास्तविक सकल घरेलू उत्पाद के मापन में कौन सी कठिनाई हो सकती है?

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