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Class 12 · Economics
→The base-year price of a good was ₹60. In the current year 30 units are produced at ₹75 each. What are its real and nominal contributions respectively?
Class 12 · Economics
→What is the main purpose of calculating GDP at constant prices?
Class 12 · Economics
→If real GDP rises by 5 percent and the GDP deflator falls by 5 percent, what is the exact change in nominal GDP?
Class 12 · Economics
→An economy has nominal GDP of ₹1260 crore and real GDP of ₹1050 crore. By what percentage is the price level above the base year?
Class 12 · Economics
→If real GDP rises but nominal GDP remains unchanged in a year, which situation is possible?
Class 12 · Economics
→If the GDP deflator is 135, what is the correct interpretation?
Class 12 · Economics
→If nominal GDP and real GDP are equal in a year, what will be the GDP deflator for that year?
Class 11 · Economics
→Base-year prices of rice and milk are ₹30 and ₹50 respectively. In the current year, 40 units of rice and 20 units of milk are produced. What is real GDP?
Class 12 · Economics
→If nominal GDP rises by 15 percent and the price level rises by 10 percent, what is the approximate exact growth rate of real GDP?
Class 12 · Economics
→In an economy, output quantity rises by 8 percent and average prices rise by 12 percent. What is the exact rise in nominal GDP?
Class 12 · Economics
→If real GDP is ₹750 crore and nominal GDP is ₹900 crore, what is the GDP deflator?
Class 12 · Economics
→If nominal GDP is ₹960 crore and the GDP deflator is 120, what is real GDP?
Class 12 · Economics
→If the real GDP index is 125 and the nominal GDP index is 150, what will be the GDP deflator index?
Class 12 · Economics
→Two economies have equal nominal GDP, but the first has a GDP deflator of 125 and the second has a GDP deflator of 100. Which has the higher real GDP?
Class 12 · Economics
→If year-two real GDP is 20 percent higher than year-one real GDP but nominal GDP is only 8 percent higher, what is the estimated change in the price level?
Class 12 · Economics
→Which decomposition correctly separates the sources of nominal GDP growth?
Class 12 · Economics
→If real GDP is ₹800 crore in one year and next-year real growth is 5 percent with inflation of 10 percent, what will next-year nominal GDP be if the initial deflator was 100?
Class 12 · Economics
→When improvement in the quality of services is difficult to measure, what may happen to real GDP?
Class 12 · Economics
→If the deflator is 150 in a year, what is the correct interpretation of the average price of current output relative to the base year?
Class 12 · Economics
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