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Suppose the Gross Domestic Product (GDP) of Nation X was Rs 2,000 crores in 2018-19, whereas the Gross Domestic Product of Nation Y in the same year was Rs 120,000 crores. If the Gross Domestic Product of Nation X rises to Rs 4,000 crores in 2019-20 and the Gross Domestic Product of Nation Y rises to Rs 200,000 crores in 2019-20. Compare the rate of change of GDP of Nations X and Y, taking 2018-19 as base year. |
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Answer»
Nation X has registered a GDP growth rate of 100% and has performed better on the front of GDP rise as compared to Nation Y that has registered a GDP growth rate of 66.67%. |
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