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Class 12 · Economics
→What is the main purpose of changing the base year?
Class 12 · Economics
→Which characteristic is desirable while selecting a base year?
Class 12 · Economics
→By what other name is real GDP known?
Class 12 · Economics
→By what other name is nominal GDP known?
Class 12 · Economics
→Which measure is more suitable for comparing economic growth?
Class 12 · Economics
→What does a GDP deflator of 85 indicate?
Class 12 · Economics
→What does a GDP deflator of (110) mean?
Class 12 · Economics
→If real GDP is ₹2,000 crore and the GDP deflator is (125) then what is nominal GDP?
Class 12 · Economics
→If nominal GDP is ₹900 crore and the GDP deflator is (90) then what is real GDP?
Class 12 · Economics
→If nominal GDP is ₹1,200 crore and real GDP is ₹1,000 crore then what is the GDP deflator?
Class 12 · Economics
→A good has current quantity of (200) units, current price of ₹15 and base price of ₹10. What is its real value?
Class 12 · Economics
→A good has current quantity of (200) units, current price of ₹15 and base price of ₹10. What is its nominal value?
Class 12 · Economics
→If current-year quantity is (150) units and the base-year price is ₹12 then what is the real output value?
Class 12 · Economics
→If the current-year quantity of (100) units and its current price is ₹20 then what is its nominal output value?
Class 12 · Economics
→If only output rises while prices remain constant then what happens to nominal and real GDP?
Class 12 · Economics
→What happens if only prices rise while output remains unchanged?
Class 12 · Economics
→Why is real GDP considered more useful than nominal GDP?
Class 12 · Economics
→If nominal GDP and real GDP are equal, then what will be the GDP deflator?
Class 12 · Economics
→What is the usual value of the GDP deflator in the base year?
Class 12 · Economics
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