Skip to content
We use only essential cookies to keep you signed in and remember your preferences. See our Cookie Policy.
TestStop
MocksPracticeResourcesIndiaBlogPricing
Sign in
Questions › JNU › JNU SSS 2017 › Q34
2 marks, −0.5Macroeconomics › National income accounting › Real and nominal GDPModerateabout 2 min

JNU SSS 2017 Question 34: National income accounting

An economy's real GDP per capita in a year was 50 percent greater than a decade earlier and its population grew by 20 percent over the same period. If that economy did not experience a decline in its price level in any year, then the minimum increase in its nominal GDP over the decade had to be

Tap an option to check your answer.

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 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.

Practise National income accountingMore on Real and nominal GDP

Similar questions from other papers

  • CUET-PG 2026 · Q10Which one of the following is not a principal macro-economic goal?
  • IIT JAM 2026 · Q7Which one of the following statements is CORRECT in the context of Gross Domestic Product (GDP) calculation?
  • CUET-PG 2025 · Q8Which of the following is excluded from headline inflation to arrive at core inflation?
  • GATE 2025 · Q34Which of the following statements is/are CORRECT in the context of National Income Accounting?
  • IIT JAM 2025 · Q7If a Japanese citizen owns an apartment in India, then the rental income that she earns from that apartment is part of.

Question from the JNU SSS 2017 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.