Advertisements
Advertisements
प्रश्न
If the Nominal GDP is Rs. 1200 and Price Index (with base = 100) is 120, calculate Real GDP.
उत्तर
Real GDP = `"Nominal GD"/"Price Index of Current Year" xx 100`
Given that
Nominal GDP - Rs 1200
Price Index of Current Year - Rs120
Real GDP = `1200/120 xx 100`
= Rs 1000
APPEARS IN
संबंधित प्रश्न
If Real GDP is Rs 200 and Price Index (with base = 100) is 110, calculate Nominal GDP
If the Real GDP is Rs 300 and Nominal GDP is Rs 330, calculate Price Index (base = 100).
If the Nominal GDP is Rs 600 and Price Index (base = 100) is 120, calculate the Real GDP.
Giving reason explain how should the following be treated in estimating gross domestic product at market price?
Interest paid by an individual on a car loan taken from a bank.
If the Nominal Gross Domestic Product = Rs 4,400 and the Price Index (base = 100) = 110, calculate the Real Gross Domestic Product.
Write down the three identities of calculating the GDP of a country by the three methods. Also briefly explain why each of these should give us the same value of GDP.
Read the following statements - Assertion (A) and Reason (R):
Assertion (A) - Acquisition of a domestic (Indian) company by a foreign (Australian) company will be recorded on the credit side of the Balance of Payment Account.
Reason(R) - It leads to the outflow of foreign exchange from the domestic economy.
From the given alternatives choose the correct one:
Which of the following features are related with Real Gross Domestic Product?
Suppose the GDP at a market price of a country in a particular year was Rs 1,100 crores. Net: factor Income from Abroad was Rs 100 crores. The value 1. 2. 3. 4. 5. of Indirect taxes − Subsidies was Rs 150 crores and National Income was Rs 850 crores. Calculate the aggregate value of depreciation.
______ is the difference between Domestic Income and National Income.
Assertion (A): GDP does not exhibit the structure of the product.
Reason (R): If the increase in GDP is mainly due to increased production of war equipment and ammunitions, then such an increase cannot improve welfare in the economy.
What does the Factor Cost represent?
Which of the following statements is incorrect?
Read the below case and answer the questions that follow:
The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan. Union Finance Minister, Nirmala Sitharaman, allocated ₹3,100 crores for the ministry out of which ₹460 crores were allotted to control pollution, which is the same as the money it received in the last budget. Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP). Similarly, the budget for pollution abatement, which was cut by 50 percent last year from 2018-to 19, remained unchanged at ₹10 crores. The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.
- Budget 2020: Allocation for Environment Ministry up 5% to ₹3,100 crore - Business Standards, 1st February 2020
Real GDP and Welfare are ______ related to each other.
Distinguish between Gross Domestic Product at Market Price and Net Domestic Product at Market Price.
From the following data, calculate the value of operating surplus:
S.No. | Items | Amount in (₹ crore) |
(i) | Royalty | 10 |
(ii) |
Rent | 70 |
(iii) | Interest | 25 |
(iv) | Net domestic product at factor cost |
500 |
(v) | Profit | 50 |
(vi) | Dividends | 20 |
On the basis of the data given below for an imaginary economy, estimate the Net Domestic Product at Factor Cost (NDPFC):
S.NO. | Items | Amount (₹ in crore) |
(i) | Household Consumption Expenditure | 3,000 |
(ii) | Government Final Consumption Expenditure | 1,000 |
(iii) | Net Domestic Fixed Capital Formation | 1,000 |
(iv) | Change in Stock | 200 |
(v) | Exports | 500 |
(vi) | Indirect Taxes | 350 |
(vii) | Imports | 300 |
(viii) | Subsidies | 50 |