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Questions › JNU › JNU SSS 2012 › Q76
1 mark, −0.25Macroeconomics › National income accounting › Real and nominal GDPModerateabout 2 min

JNU SSS 2012 Question 76: National income accounting

Consider the following tabulated data for an economy and answer the questions that follow :

YearGDP at current pricesGDP at constant prices
19752117
19802621
19853226
19903932
19954739

In which period did the economy have the highest rate of growth of real GDP?

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

What this question tests

This question is on Real and nominal GDP, part of National income accounting in Macroeconomics.

Separating output growth from price changes and computing real growth rates.

TestStop has 17 past-paper questions on this subtopic.

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Question from the JNU SSS 2012 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.