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Class 12 · Economics · Medium
→If an economy's GDP deflator is 200, what is the ratio of nominal GDP to real GDP?
Class 12 · Economics · Medium
→In one year nominal GDP is ₹1100 crore and the deflator is 125. Next year nominal GDP is ₹1210 crore and the deflator remains 125. By what percentage did real GDP rise?
Class 12 · Economics · Hard
→Why may an old base year distort real GDP when new goods become very important in the economy?
Class 12 · Economics · Hard
→If nominal GDP falls by 10 percent and real GDP rises by 5 percent, what is the approximate exact rate of change in the price level?
Class 12 · Economics · Medium
→If a country's real GDP is ₹900 crore and real GDP per capita is ₹300, what is the population?
Class 12 · Economics · Medium
→In the base year output was 50 units at ₹40. In the current year output is 60 units at ₹50. What is the growth rate of real GDP?
Class 12 · Economics · Medium
→If the GDP deflator is 110 in one year and 132 in the next, what is the percentage rise in the price level?
Class 12 · Economics · Medium
→If the GDP deflator is 80 and real GDP is ₹500 crore, what is nominal GDP?
Class 12 · Economics · Hard
→In a year, nominal GDP rises by 18 percent and real GDP rises by 12 percent. What is the approximate exact growth rate of the GDP deflator?
Class 12 · Economics · Medium
→Which effect is controlled by using base-year prices in the calculation of real GDP?
Class 12 · Economics · Hard
→If nominal GDP rises but real GDP per capita falls in a country, which cause is possible?
Class 12 · Economics · Medium
→A good has a current quantity of 100 units and a current price of ₹12, while its base-year price was ₹10. What is its GDP deflator?
Class 12 · Economics · Hard
→If the GDP deflator rises from 100 to 121 and real GDP rises by 10 percent, by what percentage will nominal GDP rise?
Class 12 · Economics · Medium
→An economy has nominal GDP of ₹1400 crore and real GDP of ₹1120 crore. If real GDP rises by 10 percent and the price level remains constant, what will be the new nominal GDP?
Class 12 · Economics · Medium
→Why is the price of an imported consumer good not directly included in the GDP deflator?
Class 12 · Economics · Medium
→If nominal GDP is 90 percent of real GDP, what is the GDP deflator?
Class 12 · Economics · Hard
→If output quantity falls by 15 percent and average prices rise by 25 percent, what is the exact change in nominal GDP?
Class 12 · Economics · Hard
→In a country, real GDP rises from 600 to 660 and population rises from 120 to 132. What happens to real GDP per capita?
Class 12 · Economics · Hard
→Nominal GDP is the same in two years but the GDP deflator is lower in the second year. What can be concluded about real GDP?
Class 12 · Economics · Medium
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