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Class 12 · Economics · Easy

If nominal GDP is constant but real GDP rises what must have happened to prices?

Class 12 · Economics · Easy

If real GDP is constant but nominal GDP is rising what may be the main reason?

Class 12 · Economics · Easy

What is the GDP deflator generally taken as in the base year?

Class 12 · Economics · Easy

If the base year is changed what changes in the calculation of real GDP?

Class 12 · Economics · Easy

Why can it be wrong to treat nominal GDP growth as real growth?

Class 12 · Economics · Easy

Why is comparison of real GDP across years useful?

Class 12 · Economics · Easy

What type of index is the GDP deflator?

Class 12 · Economics · Easy

In which situation can real GDP rise while nominal GDP falls?

Class 12 · Economics · Easy

If nominal GDP is ₹4,500 crore and the deflator is 90 what will be real GDP?

Class 12 · Economics · Easy

If real GDP is ₹6,000 crore and the deflator is 150 what will be nominal GDP?

Class 12 · Economics · Easy

If nominal GDP is ₹7,650 crore and real GDP is ₹8,500 crore, what will be the GDP deflator?

Class 12 · Economics · Easy

If real GDP is ₹12,000 crore and nominal GDP is ₹13,200 crore, how much higher is the price level than in the base year?

Class 12 · Economics · Easy

If prices double while output quantity remains unchanged, what happens to nominal GDP?

Class 12 · Economics · Easy

If output quantity doubles while prices remain unchanged, what happens to real GDP?

Class 12 · Economics · Easy

During a fall in the price level, which relationship is generally possible?

Class 12 · Economics · Easy

During inflation, which is generally likely to be higher: nominal GDP or real GDP?

Class 12 · Economics · Easy

If nominal GDP rises by 10 percent, does it certainly mean that real output grew by 10 percent?

Class 12 · Economics · Easy

If real GDP rises by 5 percent, what does it generally mean?

Class 12 · Economics · Easy

If nominal GDP is ₹3,000 and real GDP is ₹2,500, what will be the GDP deflator?

Class 12 · Economics · Easy

In the current year, 100 units are produced. The current price is ₹30 and the base-year price is ₹25. What will be the real GDP?