Question 30
MediumOriginal questionAn economy's spending data for a year:
| Item | ₹ crore |
|---|---|
| Private final consumption expenditure | 600 |
| Government final consumption expenditure | 150 |
| Gross fixed capital formation | 200 |
| Change in stocks | 20 |
| Exports | 80 |
| Imports | 100 |
If imports were ₹60 crore instead of ₹100 crore, with everything else the same, GDP at market price would be
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Net exports = 80 − 60 = 20.
GDP at MP = 600 + 150 + 200 + 20 + 20 = ₹990 crore.
- Concept
- Imports and GDP
- Typical timeTypical
- 70 s
- Your timeYours
- —
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