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Class 12 · Economics
→If nominal GDP is ₹840 crore and the GDP deflator is 120 in a year, then what will real GDP be?
Class 12 · Economics
→If real GDP is ₹720 crore and the GDP deflator is 125, what will nominal GDP be?
Class 12 · Economics
→A policymaker wants to observe the long-term trend of actual production separately from inflation. Which measure should be used mainly?
Class 12 · Economics
→If the GDP deflator rises from 100 to 130 while real GDP falls by 10 percent, what is the exact change in nominal GDP?
Class 12 · Economics
→If two economies have equal nominal GDP but the first economy has a higher price level, which one will generally have higher real GDP?
Class 12 · Economics
→In a two-good economy if the price of one good rises and the other falls, the GDP deflator will mainly depend on what?
Class 12 · Economics
→In 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 12 · Economics
→If a country's nominal GDP falls but its deflator falls even faster, what may happen to real GDP?
Class 12 · Economics
→Why is growth in real GDP considered a better indicator of economic growth?
Class 12 · Economics
→In one year nominal GDP is ₹750 crore and real GDP is ₹600 crore. If next year they become ₹810 crore and ₹648 crore respectively, what happens to the price level?
Class 12 · Economics
→If real GDP is ₹250 crore and nominal GDP is 20 percent higher than real GDP, what is the deflator?
Class 12 · Economics
→If only prices change in an economy while all output quantities remain the same, which statement is correct?
Class 12 · Economics
→A good has a base-year price of ₹5 and a current-year price of ₹8. Two hundred units are produced in the current year. What is the GDP deflator for this good?
Class 12 · Economics
→If nominal GDP rises by 12 percent and real GDP rises by 5 percent, what is the approximate exact growth rate of the GDP deflator?
Class 12 · Economics
→What problem may arise from using prices of a very old base year for calculating real GDP?
Class 12 · Economics
→In a country the GDP deflator falls from 125 to 120 while real GDP rises. What does this indicate?
Class 12 · Economics
→If an economy's real GDP rises but real GDP per capita remains constant, what can be concluded?
Class 12 · Economics
→If 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 12 · Economics
→Nominal GDP rises from 1000 to 1210 and real GDP rises from 1000 to 1100. What is the percentage rise in the GDP deflator?
Class 12 · Economics
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