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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।

EconomicsAn economy produces only one good. Its base-year price and quantity were ₹20 and 100, while its current-year price and quantity are ₹25 and 120. What is the current GDP deflator?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsIn which situation will nominal GDP growth overstate real output growth?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIf real GDP rises by 8 percent and the GDP deflator rises by 5 percent, approximately how much will nominal GDP rise?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsIf the base year is changed, what happens to nominal GDP for a given year?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsWhat problem may arise in real GDP comparisons when the base year is kept too old?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsWhat does a fall in the GDP deflator from 125 to 120 indicate?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsWhat is a major difference between the GDP deflator and the Consumer Price Index?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsIf nominal GDP falls while real GDP rises over a period, what is the most appropriate conclusion?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsIn a two-good economy, current-year prices are ₹5 and ₹12 and quantities are 50 and 20. What is current-year nominal GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Easy EconomicsIn a two-good economy, base-year prices are ₹4 and ₹10 and current-year quantities are 50 and 20 respectively. What is current-year real GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIf current-year real GDP is ₹900 crore and nominal GDP is ₹990 crore, then what is the GDP deflator?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Easy EconomicsAn economy's nominal GDP rises by 25 percent while its GDP deflator rises by 10 percent. What is the closest estimate of real growth?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsIf output quantities remain unchanged but prices of all final goods rise by 10 percent, then what will happen?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Easy EconomicsIf nominal GDP is ₹840 crore and the GDP deflator is 120 in a year, then what will real GDP be?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsIf real GDP is ₹720 crore and the GDP deflator is 125, what will nominal GDP be?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsA policymaker wants to observe the long-term trend of actual production separately from inflation. Which measure should be used mainly?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIf the GDP deflator rises from 100 to 130 while real GDP falls by 10 percent, what is the exact change in nominal GDP?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsIf two economies have equal nominal GDP but the first economy has a higher price level, which one will generally have higher real GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIn a two-good economy if the price of one good rises and the other falls, the GDP deflator will mainly depend on what?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsIn an economy base-year output was 40 units at ₹25. Current-year output is 50 units at ₹30. What is the growth rate of real GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium