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Questions › GATE › GATE 2024 › Q60
2 marksMacroeconomics › National income accounting › The expenditure methodHardabout 4 min

GATE 2024 Question 60: National income accounting

Based on the table given below, the current account deficit in nominal terms as a percentage of GDP during 2012-13 will be ______ (rounded off to three decimal places).

Expenditure on Gross Domestic Product (Rupees in Crores)

At Current Prices

2009-102010-112011-122012-13
Final Consumption Expenditure448525617696
Gross Fixed Capital Formation206241286307
Change in Inventory Stocks18271717
Export of Goods & Services130171215243
Import of Goods & Services165205272311

At Constant 2004-05 Prices

2009-102010-112011-122012-13
Final Consumption Expenditure340368400421
Gross Fixed Capital Formation159117199200
Change in Inventory Stocks14211211
Export of Goods & Services100120138145
Import of Goods & Services133154187199

Answer and worked solution

Checking your account…

National income accounting has come up 132 times in 6 exams since 2010.

What this question tests

This question is on The expenditure method, part of National income accounting in Macroeconomics.

Measuring GDP as consumption, investment, government spending and net exports.

TestStop has 17 past-paper questions on this subtopic; the nearest in year are below.

  • IIT JAM 2021 · Q50For a country's GDP in 2012-13 (local currency): GDP 59,816; private investment 17,811; exports 14,498…
Take this paper as a timed mockMore on The expenditure method

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Question from the GATE 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.