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Class 12 · Economics
→If only prices change in an economy while all output quantities remain the same, which statement is correct?
Class 12 · Economics
→A good has a base-year price of ₹5 and a current-year price of ₹8. Two hundred units are produced in the current year. What is the GDP deflator for this good?
Class 12 · Economics
→If nominal GDP rises by 12 percent and real GDP rises by 5 percent, what is the approximate exact growth rate of the GDP deflator?
Class 12 · Economics
→What problem may arise from using prices of a very old base year for calculating real GDP?
Class 12 · Economics
→In a country the GDP deflator falls from 125 to 120 while real GDP rises. What does this indicate?
Class 12 · Economics
→If an economy's real GDP rises but real GDP per capita remains constant, what can be concluded?
Class 12 · Economics
→If prices of all domestic final goods rise by 20 percent and output quantities fall by 20 percent in a year, what is the exact change in nominal GDP?
Class 12 · Economics
→Nominal GDP rises from 1000 to 1210 and real GDP rises from 1000 to 1100. What is the percentage rise in the GDP deflator?
Class 11 · Economics
→Under which condition is comparison of real GDP across years more meaningful?
Class 12 · Economics
→In the base year an economy produces 100 units at ₹10 each. In the current year it produces 80 units at ₹15 each. What are real and nominal GDP respectively?
Class 12 · Economics
→If the price of an imported machine rises while domestic production is unchanged, what is the direct effect on the GDP deflator?
Class 12 · Economics
→What is the main difference between the GDP deflator and the consumer price index?
Class 12 · Economics
→If real GDP is ₹400 crore and the GDP deflator is 110, what will nominal GDP be?
Class 11 · Economics
→In an economy real GDP rises from 500 to 550 while population rises from 100 to 115. What happens to real GDP per capita?
Class 12 · Economics
→Which situation will increase the GDP deflator but not directly change real GDP?
Class 12 · Economics
→What may happen to historical real GDP figures when the base year is changed to a more recent year?
Class 12 · Economics
→Suppose the base-year price of a good was ₹40. In the current year, 25 units are produced and the current price is ₹50. What are its real and nominal contributions, respectively?
Class 11 · Economics
→Why is real GDP not a complete measure of economic welfare?
Class 12 · Economics
→An economy has nominal GDP of ₹900 crore and a deflator of 150. If its population is 3 crore, what is real GDP per capita?
Class 12 · Economics
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