Macro

National Income

Easy

When nominal Gross Domestic Product is ₹840 crorer and price index is 120, then the Real Gross Domestic Product will be:

₹ 700 crore

₹ 900 crore

₹ 800 crore

₹ 500 crore

✅ Correct Option: 1

Option 1: ₹700 crore -> Real GDP is calculated using the formula: Real GDP = (Nominal GDP / Price Index) × 100. Substituting the values: Real GDP = (840 / 120) × 100 = 700. Real GDP measures the value of economic output adjusted for price changes (inflation/deflation), providing a more accurate picture of economic growth than nominal GDP which includes the effect of changing prices. -> correct

2026: 20 May Shift 1

Firm starts the year with an inventory of 400 shirts. During the coming year it expects to sell 2000 shirts, hence it produces 2000 shirts. The firm is able to sell only 1500 shirts. At the end of the year find out inventories.

2025: 14 May Shift 1

The domestic services performed by women at home are categorized as:

Non-monetary exchanges
Externalities
Personal services
Social services

2026: 19 May Shift 2

Personal Disposable Income (PDI) is calculated as:

2026: 19 May Shift 2

Select the intermediate expenditure from the following.

2022: 19 July Shift 2

Identify the items which will be classified as stock items.

(A) Production

(B) Money supply

(D) Savings

(E) Capital stock in a Country

Choose the correct answer from the options given below :

2026: 31 May Shift 1

	Firm-A	Firm-B
Intermediate consumption	10	20
Sales	50	75
Value added	?	?

From the above table, find the value added figure by Firm-B and Firm-A respectively.

When nominal Gross Domestic Product is ₹840 crorer and price index is 120, then the Real Gross Domestic Product will be:

Solution

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