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National Income Aggregates & GDP · Question 50 of 69

Question 50

MediumOriginal question

Nominal GDP is ₹1,500 crore and the GDP deflator is 125. Real GDP is

Options for question 50

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Real GDP = nominal GDP ÷ deflator × 100 = 1,500 ÷ 125 × 100 = ₹1,200 crore.

Worth noting

₹1,875 crore multiplies by the deflator instead of dividing.

Concept
Real GDP from the deflator
Typical time
70 s
Your time
—
The rule this testsReal and nominal GDP
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Ten questions from National Income Aggregates & GDP, at your own pace.

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Ten questions from National Income Aggregates & GDP, at your own pace.

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