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Class 12 Mcq

Class 12 Economics के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

EconomicsIf a good had an unusually high price in the base year, how may the fixed-price method affect its current output?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsOutput valued at base-year prices is ₹500 crore in year one and ₹550 crore in year two. What is the real GDP growth rate?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsWhy can a comparison based only on nominal GDP be misleading when two countries have different currencies and price levels?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsWhy is the GDP deflator called an implicit price index?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsWhich change can raise real GDP while leaving nominal GDP unchanged?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsIf nominal GDP is ₹960 crore and the GDP deflator is 80, what will real GDP be?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsAn economy's real GDP increased but its real GDP per capita decreased. What does this necessarily mean?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsIf real GDP falls by 6 percent and the price level rises by 8 percent, what is the estimated change in nominal GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsWhen fixed base-year prices are used for real GDP, what bias may arise from large changes in relative prices?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsWhen no market price is available for a government service, how is its value generally estimated in nominal GDP?Class 12National Income and Related AggregatesAggregates related to national income - GDPLevel 37Hard EconomicsWhy is the price of an imported final consumer good not directly included in real GDP calculation?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIn an economy current output is worth ₹2,000 crore at base-year prices and ₹2,300 crore at current prices. What is the implicit price increase?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsIf nominal GDP grows by 12 percent and real GDP grows by 7 percent in a year then approximately how much does the GDP deflator grow?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsFrom the perspective of a quantity index what change does real GDP attempt to isolate?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIf the GDP deflator is 80 then what is the correct relationship between nominal and real GDP?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsBetween two years nominal GDP doubled and the GDP deflator also doubled. What happened to real GDP?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsIn a year nominal GDP is ₹1,500 crore and real GDP is ₹1,250 crore. By what percentage is the average price level above the base year?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsIf a computer's price remains unchanged while its capability doubles due to quality improvement then what is needed for accurate real GDP measurement?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsIf a new product is introduced in the current year but had no price in the base year then what is the main difficulty in constant-price measurement?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsWhat is a major advantage of the chain-weighted real GDP method?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Expert