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Class 12 · Economics · Expert

If nominal GDP rises by 20 percent in each of two years and the deflator rises by 10 percent in each year then approximately what is the total real GDP growth over two years?

Class 12 · Economics · Expert

If real GDP grows by 10 percent per year for two consecutive years what is the total growth?

Class 12 · Economics · Expert

An economy's real GDP over three years is ₹1,000 crore ₹1,100 crore and ₹1,210 crore respectively. What is the growth rate in each year?

Class 12 · Economics · Expert

If the deflator is 160 in year one and 144 in year two what is the percentage change in the price level?

Class 12 · Economics · Medium

If nominal GDP and real GDP are ₹2,000 crore and ₹1,600 crore in year one and ₹2,310 crore and ₹1,650 crore in year two then what is the deflator growth rate?

Class 12 · Economics · Expert

Why may components of chain-weighted real GDP not always add exactly to the total?

Class 12 · Economics · Hard

What is the purpose of changing weights each year in a chain-weighted quantity index?

Class 12 · Economics · Hard

If real GDP falls by 7 percent and population falls by 2 percent, approximately what happens to real GDP per capita?

Class 12 · Economics · Hard

If real GDP rises by 4 percent and population rises by 6 percent, what is the closest change in real GDP per capita?

Class 12 · Economics · Medium

In year one, real GDP is ₹1,000 crore and population is 50 lakh. In year two, real GDP is ₹1,100 crore and population is 55 lakh. What happened to real GDP per capita?

Class 12 · Economics · Easy

If real GDP is ₹900 crore in year one and ₹1,080 crore in year two, what is the real growth rate?

Class 12 · Economics · Easy

What is the main risk of comparing nominal GDP across two years without adjusting for prices?

Class 12 · Economics · Medium

If pollution-causing production raises real GDP, what is the appropriate conclusion about economic welfare?

Class 12 · Economics · Hard

If a farmer produces goods for family consumption and their imputed value is included in GDP, what is required for real measurement?

Class 12 · Economics · Medium

Why may a rise in the price of imported crude oil have a limited direct effect on the GDP deflator?

Class 12 · Economics · Medium

If prices of domestically produced machines rise sharply while consumer-goods prices remain stable, which index may be more affected?

Class 12 · Economics · Medium

Which of the following is a feature of the basket underlying the GDP deflator?

Class 12 · Economics · Easy

If real GDP is ₹1,600 crore and the GDP deflator is 135, what is nominal GDP?

Class 12 · Economics · Easy

If real GDP is ₹2,000 crore and the GDP deflator is 75, what is nominal GDP?

Class 12 · Economics · Medium

If the real GDP index is 108 and the GDP deflator index is 125, what is the nominal GDP index?