If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent

Related MCQs

• If in 2000 nominal GDP is = `70000 Crore and the prices in 2000 were 40% more than the real GDP in 2000 using 1996 as a base year is
• Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be…….
• Given Real GDP 8.25%, Nominal GDP 11.25%, Rate of inflation will be
• Nominal GDP is
• Nominal GDP is measured in ………………..prices
• GDP at market price exceeds GDP at factor cost by the amount of revenue raised through ……………….
• GDP at factor cost exceeds GDP at market price
• Real GDP is measured in………….prices
• The difference between Gross National Product (GNP) and Gross Domestic Product GDP) is
• Assuming consumption C= `45000, Investment I= `1000, Government Purchase G= `1200, Exports=`450, Depreciation = `600, and Indirect Tax= `500, then GDP will be