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Class 12 · Economics
→In an economy, base-year output was 80 units at ₹30. Current-year output is 100 units at ₹36. What is the growth rate of real GDP?
Class 12 · Economics
→Nominal GDP is ₹1500 crore and real GDP is 75 percent of nominal GDP. What is the GDP deflator?
Class 12 · Economics
→If two countries have the same nominal GDP but the second country has a lower GDP deflator, which country will have higher real GDP?
Class 12 · Economics
→If real GDP rises by 25 percent and the price level falls by 20 percent, what is the exact change in nominal GDP?
Class 12 · Economics
→If nominal GDP and the GDP deflator both rise by 10 percent, what is the exact growth rate of real GDP?
Class 12 · Economics
→If a good has a current quantity of 40 units and a current price of ₹90, while its base-year price was ₹75, what is its GDP deflator?
Class 12 · Economics
→What difficulty may arise in measuring real GDP if the base year is very old?
Class 12 · Economics
→Why is real GDP considered an incomplete measure of economic welfare?
Class 12 · Economics
→If nominal GDP falls by 16 percent and the price level falls by 20 percent, what is the exact growth rate of real GDP?
Class 12 · Economics
→If real GDP rises from 720 to 792 and population rises from 80 to 88, what happens to real GDP per capita?
Class 11 · Economics
→An economy has nominal GDP of ₹1320 crore and real GDP of ₹1100 crore. What is the GDP deflator?
Class 12 · Economics
→If nominal GDP rises by 30 percent and real GDP rises by 20 percent, what is the approximate exact growth rate of the GDP deflator?
Class 12 · Economics
→If the price of an imported mobile phone rises while domestic production and prices remain unchanged, what is the direct effect on the GDP deflator?
Class 12 · Economics
→Which statement about the GDP deflator and the consumer price index is correct?
Class 12 · Economics
→If all output quantities double and prices fall by half in a year, what happens to real and nominal GDP?
Class 12 · Economics
→If real GDP is the same in two years but nominal GDP is higher in the second year, what can be concluded?
Class 12 · Economics
→An economy has nominal GDP of ₹1800 crore and a deflator of 150. If population is 4 crore, what is real GDP per capita?
Class 12 · Economics
→If real GDP falls by 5 percent and the GDP deflator rises by 5 percent, what is the exact change in nominal GDP?
Class 12 · Economics
→What is the fundamental reason real GDP and nominal GDP are equal in the base year?
Class 12 · Economics
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