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Only one Product X is produced in the co...

Only one Product X is produced in the country. Its output during the yaar 2012 and 2013 was 100 units and 110 units respectively. The market price of the product during the year was Rs. 50 and Rs. 55 per unit respectively. Calculate the percentage change in real GDP and nominal GDP in year 2013 using 2012 as the base year.

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SANDEEP GARG-MEASUREMENT OF NATIONAL INCOME-Short Answer Type Questions
  1. Explain how non-monetary exchanges are a limitation in taking gross do...

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  2. How can externalities be a limitation of using gross domestic product ...

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  3. Distinguish between "real" gross domestic product and "nominal" gross ...

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  4. Is gross domestic product a true index of economic welfare of the peop...

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  5. Only one Product X is produced in the country. Its output during the y...

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  6. State the various components of the Income Method that are used to cal...

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  7. If the Nominal GDP is Rs. 1,200 and Price Index (with base=100) is 120...

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  8. If the Real GDP is Rs. 300 and Nominal GDP is Rs. 330, calculate Price...

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  9. If the Real GDP is Rs. 500 and Price index (base=100) is 125, calculat...

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  10. Describe the expenditure method of calculating gross domestic product ...

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  11. Government spends on child immunization progamme. Analyse its impact o...

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  12. If nominal income is Rs. 500 and price index is 125, calculate real in...

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  13. Given real income to be 400 and price index be 100, calculate nominal ...

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  14. What is real GDP ? State three limitations of GDP as an index of econo...

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  15. Discuss any two differences between GDP at constant prices and GDP at ...

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  16. State the various components of the Expenditure Method that are used t...

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  17. Suppose a ban is imposed on consumption of liquor in the country. Exam...

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  18. Explain the concepts of Real GDP and Nominal GDP, using a suitable num...

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  19. Define intermediate consumption and explain it with an example. How is...

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  20. Given nominal income, how can we find real income ? Explain.

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