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Economics GDP Deflator MCQ Questions for Class 12 Humanities

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आधार वर्ष में सकल घरेलू उत्पाद अपस्फीतिकार सामान्यतः कितना होता है?

What is the GDP deflator generally equal to in the base year?

Explanation opens after your attempt
Correct Answer

C. 100

Step 1

Concept

Nominal and real GDP are equal in the base year. Therefore the deflator equals 100.

Step 2

Why this answer is correct

The correct answer is C. 100. Nominal and real GDP are equal in the base year. Therefore the deflator equals 100.

Step 3

Exam Tip

आधार वर्ष में नाममात्र और वास्तविक सकल घरेलू उत्पाद समान होते हैं। इसलिए अपस्फीतिकार 100 होता है।

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यदि नाममात्र सकल घरेलू उत्पाद 600 करोड़ रुपये और वास्तविक सकल घरेलू उत्पाद 500 करोड़ रुपये है तो अपस्फीतिकार कितना होगा?

If nominal GDP is ₹600 crore and real GDP is ₹500 crore, what is the deflator?

Explanation opens after your attempt
Correct Answer

D. 120

Step 1

Concept

The deflator \(=\frac{600}{500}\times100=120\). Keep nominal GDP in the numerator.

Step 2

Why this answer is correct

The correct answer is D. 120. The deflator \(=\frac{600}{500}\times100=120\). Keep nominal GDP in the numerator.

Step 3

Exam Tip

अपस्फीतिकार \(=\frac{600}{500}\times100=120\) है। सूत्र में नाममात्र सकल घरेलू उत्पाद ऊपर रखें।

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यदि सकल घरेलू उत्पाद अपस्फीतिकार 125 है तो इसका क्या अर्थ है?

What does a GDP deflator of 125 mean?

Explanation opens after your attempt
Correct Answer

A. मूल्य स्तर आधार वर्ष से 25 प्रतिशत अधिक हैPrice level is 25 percent above the base year

Step 1

Concept

A deflator of 125 means the price level is 125 percent of the base-year level. Thus it is 25 percent higher.

Step 2

Why this answer is correct

The correct answer is A. मूल्य स्तर आधार वर्ष से 25 प्रतिशत अधिक है / Price level is 25 percent above the base year. A deflator of 125 means the price level is 125 percent of the base-year level. Thus it is 25 percent higher.

Step 3

Exam Tip

अपस्फीतिकार 125 का अर्थ है कि मूल्य स्तर आधार वर्ष के 125 प्रतिशत के बराबर है। इसलिए यह 25 प्रतिशत अधिक है।

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यदि सकल घरेलू उत्पाद अपस्फीतिकार 90 है तो कौन सा कथन सही है?

If the GDP deflator is 90, which statement is correct?

Explanation opens after your attempt
Correct Answer

B. चालू मूल्य स्तर आधार वर्ष से 10 प्रतिशत कम हैCurrent price level is 10 percent below the base year

Step 1

Concept

A deflator of 90 shows that the current price level is 90 percent of the base-year level. Thus it is 10 percent lower.

Step 2

Why this answer is correct

The correct answer is B. चालू मूल्य स्तर आधार वर्ष से 10 प्रतिशत कम है / Current price level is 10 percent below the base year. A deflator of 90 shows that the current price level is 90 percent of the base-year level. Thus it is 10 percent lower.

Step 3

Exam Tip

अपस्फीतिकार 90 दर्शाता है कि चालू मूल्य स्तर आधार वर्ष का 90 प्रतिशत है। अतः यह 10 प्रतिशत कम है।

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सकल घरेलू उत्पाद अपस्फीतिकार में कौन सी वस्तुएं शामिल होती हैं?

Which goods are included in the GDP deflator?

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Correct Answer

C. घरेलू रूप से उत्पादित अंतिम वस्तुएं और सेवाएंDomestically produced final goods and services

Step 1

Concept

The deflator is based on prices of domestically produced final goods and services. Imports are not directly included.

Step 2

Why this answer is correct

The correct answer is C. घरेलू रूप से उत्पादित अंतिम वस्तुएं और सेवाएं / Domestically produced final goods and services. The deflator is based on prices of domestically produced final goods and services. Imports are not directly included.

Step 3

Exam Tip

अपस्फीतिकार घरेलू रूप से उत्पादित अंतिम वस्तुओं और सेवाओं की कीमतों पर आधारित होता है। आयात इसमें सीधे शामिल नहीं होते।

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सकल घरेलू उत्पाद अपस्फीतिकार में आयात क्यों शामिल नहीं होते?

Why are imports not included in the GDP deflator?

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Correct Answer

D. क्योंकि आयात घरेलू उत्पादन का भाग नहीं होतेBecause imports are not part of domestic production

Step 1

Concept

GDP measures domestic production only. Therefore prices of imported goods are not directly included in the deflator.

Step 2

Why this answer is correct

The correct answer is D. क्योंकि आयात घरेलू उत्पादन का भाग नहीं होते / Because imports are not part of domestic production. GDP measures domestic production only. Therefore prices of imported goods are not directly included in the deflator.

Step 3

Exam Tip

सकल घरेलू उत्पाद केवल घरेलू उत्पादन को मापता है। इसलिए आयातित वस्तुओं की कीमतें अपस्फीतिकार में सीधे शामिल नहीं होतीं।

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यदि नाममात्र और वास्तविक सकल घरेलू उत्पाद समान हों तो अपस्फीतिकार कितना होगा?

If nominal GDP and real GDP are equal, what will the deflator be?

Explanation opens after your attempt
Correct Answer

C. 100

Step 1

Concept

When both are equal their ratio is 1. Therefore the deflator \(=1\times100=100\).

Step 2

Why this answer is correct

The correct answer is C. 100. When both are equal their ratio is 1. Therefore the deflator \(=1\times100=100\).

Step 3

Exam Tip

दोनों समान होने पर उनका अनुपात 1 होता है। इसलिए अपस्फीतिकार \(=1\times100=100\) होगा।

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यदि वास्तविक सकल घरेलू उत्पाद 400 करोड़ रुपये और अपस्फीतिकार 125 है तो नाममात्र सकल घरेलू उत्पाद कितना होगा?

If real GDP is ₹400 crore and the deflator is 125, what is nominal GDP?

Explanation opens after your attempt
Correct Answer

D. 500 करोड़ रुपये₹500 crore

Step 1

Concept

Nominal GDP \(=\frac{125\times400}{100}=₹500\) crore. Rearrange the formula correctly.

Step 2

Why this answer is correct

The correct answer is D. 500 करोड़ रुपये / ₹500 crore. Nominal GDP \(=\frac{125\times400}{100}=₹500\) crore. Rearrange the formula correctly.

Step 3

Exam Tip

नाममात्र सकल घरेलू उत्पाद \(=\frac{125\times400}{100}=500\) करोड़ रुपये है। सूत्र को सही रूप में बदलें।

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यदि नाममात्र सकल घरेलू उत्पाद 720 करोड़ रुपये और अपस्फीतिकार 120 है तो वास्तविक सकल घरेलू उत्पाद कितना होगा?

If nominal GDP is ₹720 crore and the deflator is 120, what is real GDP?

Explanation opens after your attempt
Correct Answer

A. 600 करोड़ रुपये₹600 crore

Step 1

Concept

Real GDP \(=\frac{720}{120}\times100=₹600\) crore. Remember to divide by the deflator.

Step 2

Why this answer is correct

The correct answer is A. 600 करोड़ रुपये / ₹600 crore. Real GDP \(=\frac{720}{120}\times100=₹600\) crore. Remember to divide by the deflator.

Step 3

Exam Tip

वास्तविक सकल घरेलू उत्पाद \(=\frac{720}{120}\times100=600\) करोड़ रुपये है। अपस्फीतिकार से भाग देना याद रखें।

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सकल घरेलू उत्पाद अपस्फीतिकार का उपयोग मुख्यतः किसके लिए किया जाता है?

What is the GDP deflator mainly used for?

Explanation opens after your attempt
Correct Answer

B. सामान्य मूल्य स्तर में परिवर्तन मापने के लिएTo measure changes in the general price level

Step 1

Concept

The deflator shows changes in the general price level of domestic final output. It is an indicator of inflation.

Step 2

Why this answer is correct

The correct answer is B. सामान्य मूल्य स्तर में परिवर्तन मापने के लिए / To measure changes in the general price level. The deflator shows changes in the general price level of domestic final output. It is an indicator of inflation.

Step 3

Exam Tip

अपस्फीतिकार घरेलू अंतिम उत्पादन के सामान्य मूल्य स्तर में बदलाव बताता है। यह महंगाई मापने का एक संकेतक है।

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