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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 country's nominal GDP falls but its deflator falls even faster, what may happen to real GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsWhy is growth in real GDP considered a better indicator of economic growth?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Easy EconomicsIn one year nominal GDP is ₹750 crore and real GDP is ₹600 crore. If next year they become ₹810 crore and ₹648 crore respectively, what happens to the price level?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsIf real GDP is ₹250 crore and nominal GDP is 20 percent higher than real GDP, what is the deflator?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsIf only prices change in an economy while all output quantities remain the same, which statement is correct?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsA good has a base-year price of ₹5 and a current-year price of ₹8. Two hundred units are produced in the current year. What is the GDP deflator for this good?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsIf nominal GDP rises by 12 percent and real GDP rises by 5 percent, what is the approximate exact growth rate of the GDP deflator?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsWhat problem may arise from using prices of a very old base year for calculating real GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIn a country the GDP deflator falls from 125 to 120 while real GDP rises. What does this indicate?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsIf an economy's real GDP rises but real GDP per capita remains constant, what can be concluded?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIf prices of all domestic final goods rise by 20 percent and output quantities fall by 20 percent in a year, what is the exact change in nominal GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsNominal GDP rises from 1000 to 1210 and real GDP rises from 1000 to 1100. What is the percentage rise in the GDP deflator?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Hard EconomicsIn the base year an economy produces 100 units at ₹10 each. In the current year it produces 80 units at ₹15 each. What are real and nominal GDP respectively?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIf the price of an imported machine rises while domestic production is unchanged, what is the direct effect on the GDP deflator?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsWhat is the main difference between the GDP deflator and the consumer price index?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIf real GDP is ₹400 crore and the GDP deflator is 110, what will nominal GDP be?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsWhich situation will increase the GDP deflator but not directly change real GDP?Class 12National Income and Related AggregatesGDP DeflatorLevel 37Medium EconomicsWhat may happen to historical real GDP figures when the base year is changed to a more recent year?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsSuppose the base-year price of a good was ₹40. In the current year, 25 units are produced and the current price is ₹50. What are its real and nominal contributions, respectively?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Easy EconomicsIf nominal GDP is lower than real GDP in a year, what does it generally indicate?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium