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
Giving reason explain how should the following be treated in estimating gross domestic product at market price?
Fees to a mechanic paid by a firm.
Calculate Net Domestic Product at Factor Cost and Private Income:
| Rs crore | ||
| 1 | Gross National Disposable Income | 600 |
| 2 | Net current transfers to abroad | (-)20 |
| 3 | Consumption of fixed capital | 60 |
| 4 | Current transfers from government | 30 |
| 5 | Indirect tax | 100 |
| 6 | Income accruing to government | 80 |
| 7 | Subsidies | 10 |
| 8 | Net factor income to abroad | (-)10 |
| 9 | National debt interest | 40 |
| 10 | Personal tax | 150 |
Calculate (a) net national product at the market price and (b) gross national disposable income:
| (Rs in crores) | ||
| 1 | Gross domestic fixed capital formation | 400 |
| 2 | Private final consumption expenditure | 8,000 |
| 3 | Government final consumption expenditure | 3,000 |
| 4 | Change in stock | 50 |
| 5 | Consumption of fixed capital | 40 |
| 6 | Net indirect taxes | 100 |
| 7 | Net exports | (-) 60 |
| 8 | Net factor income to abroad | (-) 80 |
| 9 | Net current transfers from abroad | 100 |
| 10 | Dividend | 100 |
If the Real GDP is Rs 500 and Price Index (base = 100) is 125, calculate the Nominal GDP.
Calculate 'Net Domestic Product at Market Price' and 'Gross National Disposable Income':
| (Rs crores) | ||
| 1 | Private final consumption expenditure | 400 |
| 2 | Opening stock | 10 |
| 3 | Consumption of fixed capital | 25 |
| 4 | Imports | 15 |
| 5 | Government final consumption expenditure | 90 |
| 6 | Net current transfers to rest of the world | 5 |
| 7 | Gross domestic fixed capital formation | 80 |
| 8 | Closing stock | 20 |
| 9 | Exports | 10 |
| 10 | Net factor income to abroad | (-)5 |
NDPFC =?
Match the following:
| 1 | Prime Minister | A | Seeds that give a large proportion of output |
| 2 | Gross Domestic Product | B | Quantity of goods that can be imported |
| 3 | Quota | C | Chairperson of the planning commission |
| 4 | Land Reforms | D | The money value of all the final goods and services produced within the economy 'in one year |
| 5 | HYV Seeds | E | Improvements in the field of agriculture to increase its productivity |
| 6 | Subsidy | F | The monetary assistance given by the government for production activities |
Which of the following economic reforms in India leads to social justice and welfare?
Which of the following statements are correct
Statement 1: The wealth of a country can be increased with the efforts of a healthy workforce.
Statement 2: Investment in the health sector increases the efficiency and productivity of a nation's workforce.
Statement 3: In contrast to an unhealthy person, a healthy person can work better with more efficiency and consequently, can contribute relatively more to the GDP of the country
Identify the correctly matched items in Column A to that of Column B:
| Column A | Column B |
| 1. Welfare of the people | (a) Social Welfare |
| 2. Total of economic and non-economic welfare | (b) Economic Welfare |
| 3. Benefits or harms of an activity caused by a firm. | (c) Externalities |
| 4. Material well being of the people | (d) Real GDP |
Identify the correctly matched pair from Column A to that of Column B:
| Column A | Column B |
| 1. Inflationary Gap | (a) Selling of government securities |
| 2. Deflationary Gap | (2) Increase in Statutory Liquidity Ratio |
| 3. Effects of Deficient Demand | (c) Rise in production level |
| 4. Plans to Expand Exports | (d) AD > AS (at full Exports employment level) |
What does Real GDP show?
GDP is not an appropriate indicator of welfare because of:
______ is shown by Nominal GDP.
Identify the correct pair of items from the following Columns I and II:
| Column I | Column II |
| (1) Opportunity Cost | (a) ) The value of a factor in its next worst alternative use. |
| (2) Explicit Cost | (b) ) The expenses incurred by the producer when the inputs are purchased or hired from the market. |
| (3) Implicit Cost | (c) The value of a factor in its next best alternative use. |
| (4) Hidden Cost | (d) The expenses incurred by the producer when the inputs are purchased or hired from the black market. |
Which of the following statements is incorrect?
Distinguish between Gross Domestic Product at Market Price and Net Domestic Product at Market Price.
Read the following statements carefully:
Statement 1: Gross Domestic Product (GDP) is the sum total of the gross market value of all the final goods and services added by all the sectors in the economy during a fiscal year.
Statement 2: Gross Value Added at Market Price (GVAMP) is equal to the excess of value of output over intermediate consumption.
In the light of the given statements, choose the correct alternative from the following.
“While estimating Gross Domestic Product (GDP) by expenditure method, entire focus is on expenditures incurred by the residents of the country.” Do you agree with the given statement? Give valid reason in support of your answer.
