1.

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.

Answer»
Nations/Years2018-192019-20Growth Rate of GDP = \(\frac{Change\,in\,GDP}{Bade\,Year\,GDP}\times100\)
(Base year = 2018-19)
XRs 2,000 croresRs 4,000 crores\(\frac{2,000}{2,000}\times100\)
= 100%
YRs 1,20,000 croresRs 2,00,000 crores\(\frac{80,000}{1,20,000}\times100\)
= 66.67%

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%.



Discussion

No Comment Found

Related InterviewSolutions