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Class 12 · Economics

If the deflator is 108 how much higher is the price level than the base year?

Class 12 · Economics

If nominal GDP is ₹15,000 crore and the deflator is 125 what will be real GDP?

Class 12 · Economics

If real GDP is ₹9,000 crore and the deflator is 120 what will be nominal GDP?

Class 12 · Economics

If nominal GDP is ₹11,400 crore and real GDP is ₹12,000 crore what will be the deflator?

Class 12 · Economics

If nominal GDP is ₹10,500 crore and real GDP is ₹10,000 crore what will be the deflator?

Class 12 · Economics

If nominal GDP is ₹7,200 crore and real GDP is ₹6,000 crore what will be the deflator?

Class 12 · Economics

What appears in the denominator of the GDP deflator formula?

Class 12 · Economics

What appears in the numerator of the GDP deflator formula?

Class 12 · Economics

Which measure is more useful for removing the effect of inflation?

Class 12 · Economics

What does an increase in real GDP mainly indicate?

Class 12 · Economics

Real GDP is based on which type of prices?

Class 12 · Economics

Nominal GDP is based on which type of prices?

Class 12 · Economics

An economy produces 600 units in the current year. The base-year price is ₹16 and the current price is ₹20. What will be the difference between real and nominal GDP?

Class 12 · Economics

If nominal GDP is ₹4,050 crore and real GDP is ₹3,600 crore then what is the GDP deflator?

Class 12 · Economics

If real GDP rises by 8 percent and the GDP deflator falls by 5 percent then which statement about nominal GDP is correct?

Class 12 · Economics

If real GDP is ₹3,000 crore and the price level is 20 percent above the base year then what is nominal GDP?

Class 12 · Economics

If real GDP is ₹2,800 crore and nominal GDP is ₹3,500 crore, what is the GDP deflator?

Class 12 · Economics

If nominal GDP is ₹3,360 crore and the GDP deflator is 120, what is real GDP?

Class 12 · Economics

In a two-good economy, the first good has current quantity 90 and current price ₹12, while the second has current quantity 30 and current price ₹24. What is nominal GDP?

Class 12 · Economics

In a two-good economy, the first good has current quantity 60 and base price ₹20, while the second has current quantity 40 and base price ₹30. What is real GDP?