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Class 12 · Economics
→If current prices are, on average, lower than base-year prices, which relationship will generally hold?
Class 12 · Economics
→An economy has only two goods. Their base-year prices are ₹20 and ₹40, and their current quantities are 30 and 25. What is real GDP?
Class 12 · Economics
→If real GDP growth is zero but nominal GDP rises by 7 percent, what generally happened?
Class 12 · Economics
→Nominal GDP falls by 20 percent and the price level falls by 25 percent. What is the exact change in real GDP?
Class 12 · Economics
→In an economy, nominal GDP rises from 500 to 600 and the GDP deflator rises from 100 to 125. What happens to real GDP?
Class 12 · Economics
→If the base year is changed, what will be the relationship between real GDP and nominal GDP in the new base year?
Class 12 · Economics
→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
→Which effect is controlled by using base-year prices in the calculation of real GDP?
Class 12 · Economics
→If nominal GDP rises but real GDP per capita falls in a country, which cause is possible?
Class 12 · Economics
→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
→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
→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
→Why is the price of an imported consumer good not directly included in the GDP deflator?
Class 12 · Economics
→If nominal GDP is 90 percent of real GDP, what is the GDP deflator?
Class 12 · Economics
→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
→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
→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
→If the GDP deflator falls from 160 to 152 in a year, what is the deflator-based inflation rate?
Class 12 · Economics
→If real GDP is ₹840 crore and the GDP deflator is 125, what is nominal GDP?
Class 12 · Economics
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