AfterBoards Logo
Skip to main contentSkip to solution

CUET Economics 2025 PYQs22 May Shift 1. Free, no login required.

Macro

past year questions, CUET Economics 2025 22 May Shift 1

National Income

past year questions, Macro, CUET Economics 2025 22 May Shift 1

Easy

Comprehension:

GDP figures and other macroeconomic variables

Suppose a country only produces rice. In the year 2020, it produced 100 Kg of rice. The price was Rs 10 per kg of rice and the GDP at the current price was Rs 1,000. In 2021, the same country will produce 110 Kg of rice at a price of Rs 15 per kg.

What is change in price?

Solution

✅ Correct Option: 2

Explanation:

  • Price of rice in 2020 = Rs 10 per kg
  • Price of rice in 2021 = Rs 15 per kg

Change in price=Price in 2021−Price in 2020\text{Change in price} = \text{Price in 2021} - \text{Price in 2020}

Change in price=15−10=5\text{Change in price} = 15 - 10 = \mathbf{5}

More from this set:

Question 41

What is GDP deflator?

Question 42

What is the base year?

Question 43

What is real GDP in 2021?

Question 45

What is the nominal GDP in 2021?

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Economics Past Year Questions (Topic-Wise)