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Questions › JNU › JNU SSS 2014 › Q29
1 mark, −0.25Macroeconomics › National income accounting › Real and nominal GDPHardabout 2 min

JNU SSS 2014 Question 29: National income accounting

Let us assume that the GDP of some country was ₹ 100 at current prices in 2012–13 and that was ₹ 90 in 2011–12; and that the GDP at constant 2004–05 prices was ₹ 59 in 2012–13 and that was ₹ 56·1 in 2011–12, then the GDP of 2011–12 at 2012–13 (constant) prices would be

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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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