What is the value of real GDP if nominal GDP is Rs.3300 crores and GDP deflator is 150. Option 1: Rs.2200 crores Option 2: Rs.3150 crores Option 3: Rs.3000 crores Option 4: Rs.3450 crores

The answer is 'Rs.2200 crores'. View full solution:

CUET Economics - What is the value of real GDP if nominal GDP is Rs.3300 crores and GDP deflator is 150. | PYQs + Solutions

CUET Economics

Macro

Easy

Rs.2200 crores

Rs.3150 crores

Rs.3000 crores

Rs.3450 crores

✅ Correct Option: 1

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22 May Shift 2

In which of the following method the flow is measured as the sum total of all factor payments?

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Match List-I with List-II

List-I	List-II
(A). Gross Domestic Product at Market Prices (GDPMP)	(I). C + I + G + (X - M)
(B). Gross Domestic Product at Factor Cost (GDPFC)	(II). GDPMP - Depreciation
(C). Net Domestic Product at Market Prices (NDPMP)	(III). GDPMP - Net Product Taxes
(D). Net Domestic Product at Factor Cost (NDPFC)	(IV). NDPMP - Net Product Taxes - Net Production Taxes

Choose the correct answer from the options given below: