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Class 12 · Economics
→If the GDP deflator is 80 then what is the correct relationship between nominal and real GDP?
Class 12 · Economics
→Between two years nominal GDP doubled and the GDP deflator also doubled. What happened to real GDP?
Class 11 · Economics
→If real GDP remains unchanged while population rises by 4 percent then what happens to real GDP per capita?
Class 12 · Economics
→In a year nominal GDP is ₹1,500 crore and real GDP is ₹1,250 crore. By what percentage is the average price level above the base year?
Class 12 · Economics
→If a computer's price remains unchanged while its capability doubles due to quality improvement then what is needed for accurate real GDP measurement?
Class 12 · Economics
→If a new product is introduced in the current year but had no price in the base year then what is the main difficulty in constant-price measurement?
Class 12 · Economics
→What is a major advantage of the chain-weighted real GDP method?
Class 12 · Economics
→An economy produces only one good. Its base-year price and quantity were ₹20 and 100, while its current-year price and quantity are ₹25 and 120. What is the current GDP deflator?
Class 12 · Economics
→In which situation will nominal GDP growth overstate real output growth?
Class 12 · Economics
→If real GDP rises by 8 percent and the GDP deflator rises by 5 percent, approximately how much will nominal GDP rise?
Class 12 · Economics
→If the base year is changed, what happens to nominal GDP for a given year?
Class 12 · Economics
→What problem may arise in real GDP comparisons when the base year is kept too old?
Class 12 · Economics
→What does a fall in the GDP deflator from 125 to 120 indicate?
Class 12 · Economics
→What is a major difference between the GDP deflator and the Consumer Price Index?
Class 11 · Economics
→Why is real GDP not considered a complete measure of economic welfare?
Class 12 · Economics
→If nominal GDP falls while real GDP rises over a period, what is the most appropriate conclusion?
Class 12 · Economics
→In a two-good economy, current-year prices are ₹5 and ₹12 and quantities are 50 and 20. What is current-year nominal GDP?
Class 12 · Economics
→In a two-good economy, base-year prices are ₹4 and ₹10 and current-year quantities are 50 and 20 respectively. What is current-year real GDP?
Class 12 · Economics
→If current-year real GDP is ₹900 crore and nominal GDP is ₹990 crore, then what is the GDP deflator?
Class 12 · Economics
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