Imported goods are not part of domestic production. Therefore their prices are not directly included in the GDP deflator.
Step 2
Why this answer is correct
The correct answer is C. आयातित वस्तुएं / Imported goods. Imported goods are not part of domestic production. Therefore their prices are not directly included in the GDP deflator.
Step 3
Exam Tip
आयातित वस्तुएं घरेलू उत्पादन का भाग नहीं हैं। इसलिए उनकी कीमतें सकल घरेलू उत्पाद अपस्फीतिकार में सीधे शामिल नहीं होतीं।
A. देश में बनी नई मशीन/A newly produced machine made within the country
Step 1
Concept
A newly produced domestic machine is part of current domestic final output. Therefore its price is included in the GDP deflator.
Step 2
Why this answer is correct
The correct answer is A. देश में बनी नई मशीन / A newly produced machine made within the country. A newly produced domestic machine is part of current domestic final output. Therefore its price is included in the GDP deflator.
Step 3
Exam Tip
देश में बनी नई मशीन चालू घरेलू अंतिम उत्पादन है। इसलिए उसकी कीमत सकल घरेलू उत्पाद अपस्फीतिकार में शामिल होती है।
B. क्योंकि वह चालू उत्पादन नहीं है/Because it is not current production
Step 1
Concept
A second-hand good has already been counted in production in an earlier year. Therefore its resale is not part of current GDP.
Step 2
Why this answer is correct
The correct answer is B. क्योंकि वह चालू उत्पादन नहीं है / Because it is not current production. A second-hand good has already been counted in production in an earlier year. Therefore its resale is not part of current GDP.
Step 3
Exam Tip
पुरानी वस्तु पहले ही किसी पूर्व वर्ष के उत्पादन में गिनी जा चुकी होती है। इसलिए उसकी पुनर्बिक्री चालू सकल घरेलू उत्पाद का भाग नहीं है।
When real GDP is greater the ratio of nominal to real GDP is below 1. Therefore the deflator will be below 100.
Step 2
Why this answer is correct
The correct answer is A. 100 से कम / Below 100. When real GDP is greater the ratio of nominal to real GDP is below 1. Therefore the deflator will be below 100.
Step 3
Exam Tip
वास्तविक सकल घरेलू उत्पाद अधिक होने पर नाममात्र और वास्तविक का अनुपात 1 से कम होता है। इसलिए अपस्फीतिकार 100 से कम होगा।
The deflator \(=\frac{660}{600}\times100=110\). Therefore the price level is 10 percent above the base year.
Step 2
Why this answer is correct
The correct answer is B. 10 प्रतिशत / 10 percent. The deflator \(=\frac{660}{600}\times100=110\). Therefore the price level is 10 percent above the base year.
Step 3
Exam Tip
अपस्फीतिकार \(=\frac{660}{600}\times100=110\) है। इसलिए मूल्य स्तर आधार वर्ष से 10 प्रतिशत अधिक है।
Nominal GDP \(=\frac{90\times700}{100}=₹630\) crore. A deflator below 100 indicates lower current prices.
Step 2
Why this answer is correct
The correct answer is B. 630 करोड़ रुपये / ₹630 crore. Nominal GDP \(=\frac{90\times700}{100}=₹630\) crore. A deflator below 100 indicates lower current prices.
Step 3
Exam Tip
नाममात्र सकल घरेलू उत्पाद \(=\frac{90\times700}{100}=630\) करोड़ रुपये है। 100 से कम अपस्फीतिकार कम चालू कीमतों को दर्शाता है।
