Question

8. (a) use the following information of an imaginary economy:
Year
2015-16
2016-17
[6]
2017-18
Nominal GDP
6.5
8.4
9
GDP Deflator
100
140
125
(i) For which year Real GDP and Nominal GDP is same and why?
(ii) Calculate real GDP for given years. Is there any year for which real GDP falls?
(b) Calculate National Income:
Articles
Rs. in crore
1. Net Indirect taxes
100
2. Net Exports
(-) 25
3. Rent
90
4. Private final consumption expenditure 900
5. Net Domestic Capital Formation
200
6. Compensation of employees
500
7. Government final consumption expenditure 350
8. Change in stock
9. Net factor income from abroad
(-) 10
30​

Answer 1

Answer:

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