ECONOMICS QUIZ

It refers to the market value if goods and services produced within domestic territory of the country during an accounting year estimated at base year prices is called

• Nominal Gdp

• GDP at current year price

• Real GDP

• None of rhese

when the market value of goods and services produced within domestic territory of the country during an accounting year estimated at current year prices than it is called

• Real GDP

• GDP deflator

• Nominal GDP

• None of these

The formula of nominal GDP IS:-

• Q x P*

• Q x P

• Q / P*

• None of these

The formula of gdp at constant price is:-

• P/ P*

• Q x P

• Q xP *

• None of these

When the value of gdp increases due to increase in current year prices than it is called

• NOMINAL GDP

• REAL GDP

• MONEY ILLUSION

• None of these

Which of the following is the indicator of growth ?

• GDP deflator

• Real gdp

• Nominal gdp

• None of these

Which of the following has the drawback of money illusion?

• GDP DEFLATOR

• REAL GDP

• NOMINAL GDP

• None of these

Which of the following indicates the change in general price level over the period of time?

• NOMINAL GDP

• REAL GDP

• GDP DEFLATOR

• NONE OF THESE

Which of the following is the formula of GDP deflator

• REAL GDP/ NOMINAL GDP x 100

• NOMINAL GDP / REAL GDP x 100

• GDP CURRENT YEAR PRICE/ GDP CONSTANT YEAR PRICE * 100

• None of the above

If real gdp is ₹300 and nominal gdp is 330₹ , what will be price index?

• 100

• 120

• 110

• None of the above