Question

Year
2016
2017
Nominal GDP 6.5
GDP deflator 100
fi) For which year is real GDP and nominal GDP same and
(0) Calculate real GDP for the given years. Is there amar
e
COSSO
Ans​

Answer 1

Explanation:

India accounts for 7.68 percent of total global agricultural output. GDP of Industry sector is $495.62 billion and world rank is 12. In Services sector, India world rank is 11 and GDP is $1185.79 billion. Contribution of Agriculture sector in Indian economy is much higher than world's average (6.1%).