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Real Gdp And Nominal Gdp

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

EconomicsIn an economy current output of three goods is equal but the current price of one good has risen far more than its base-year price. Why will its effect on nominal GDP be larger?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsIf nominal GDP rises by 30 percent while prices double, what happens to real GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsIf a new digital service did not exist in the base year, why may valuing its current output at constant prices be difficult?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 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 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 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 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 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 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 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 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 EconomicsA country's nominal GDP doubled while real GDP remained unchanged. Other things being equal, what happened?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsWhat is measured by multiplying current-year quantities by current-year prices?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Easy EconomicsIf nominal GDP rises by 5% but the GDP deflator rises by 8%, what will approximately happen to real GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Hard EconomicsNominal GDP rises by 20% between two years but real GDP rises by only 8%. What is the best conclusion?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium EconomicsWhich statement best describes a major limitation of nominal GDP?Class 12National Income and Related AggregatesReal GDP and Nominal GDPLevel 37Medium