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Class 12 · Economics · Medium
→If the price of an imported machine rises while domestic production is unchanged, what is the direct effect on the GDP deflator?
Class 12 · Economics · Medium
→What is the main difference between the GDP deflator and the consumer price index?
Class 12 · Economics · Medium
→If real GDP is ₹400 crore and the GDP deflator is 110, what will nominal GDP be?
Class 12 · Economics · Medium
→Which situation will increase the GDP deflator but not directly change real GDP?
Class 12 · Economics · Medium
→What may happen to historical real GDP figures when the base year is changed to a more recent year?
Class 12 · Economics · Easy
→Suppose the base-year price of a good was ₹40. In the current year, 25 units are produced and the current price is ₹50. What are its real and nominal contributions, respectively?
Class 12 · Economics · Medium
→If nominal GDP is lower than real GDP in a year, what does it generally indicate?
Class 12 · Economics · Medium
→A country's nominal GDP doubled while real GDP remained unchanged. Other things being equal, what happened?
Class 12 · Economics · Easy
→What is measured by multiplying current-year quantities by current-year prices?
Class 12 · Economics · Hard
→If nominal GDP rises by 5% but the GDP deflator rises by 8%, what will approximately happen to real GDP?
Class 12 · Economics · Medium
→Nominal GDP rises by 20% between two years but real GDP rises by only 8%. What is the best conclusion?
Class 12 · Economics · Medium
→If the GDP deflator is 90, what is the most appropriate interpretation?
Class 12 · Economics · Medium
→Which statement best describes a major limitation of nominal GDP?
Class 12 · Economics · Hard
→If real GDP grows by 6 percent and the GDP deflator grows by 4 percent, what is the exact growth rate of nominal GDP?
Class 12 · Economics · Medium
→An economy produces only wheat and cloth. Base-year prices are ₹20 for wheat and ₹100 for cloth. Current-year quantities are 50 and 10 units respectively. What is real GDP?
Class 12 · Economics · Medium
→If nominal GDP is ₹800 crore and real GDP is ₹640 crore, what will be the GDP deflator?
Class 12 · Economics · Medium
→Why are real GDP and nominal GDP equal in the base year?
Class 12 · Economics · Hard
→In a year output quantity rises by 10 percent and prices of all goods rise by 15 percent. Approximately how much will nominal GDP rise?
Class 12 · Economics · Medium
→If an economy has nominal GDP of ₹660 crore and a price index of 120, what will be its real GDP?
Class 9 · Art Education · Easy
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