If GNP is 16% higher than the last year and the rate of…

Question

If GNP is 16% higher than the last year and the rate of inflation is 9%, production in the economy has grown by:

Select an answer

Question & Answer (English)

If GNP is 16% higher than the last year and the rate of inflation is 9%, production in the economy has grown by:

  1. 5%
  2. 7% — Correct Answer
  3. 4%
  4. 6%
Explanation:

To calculate the growth in production (Real GNP growth), we adjust the nominal growth rate for inflation. The approximate relationship is:

$$ \text{Real Growth Rate} \approx \text{Nominal Growth Rate} - \text{Inflation Rate} $$

Given:

  • Nominal GNP Growth = 16%
  • Inflation Rate = 9%

Calculation:

$$ 16\% - 9\% = 7\% $$

Therefore, production in the economy has grown by 7%.

प्रश्न एवं उत्तर (हिंदी)

यदि सकल राष्ट्रीय उत्पाद (GNP) पिछले वर्ष की तुलना में 16% अधिक है और मुद्रास्फीति की दर 9% है, तो अर्थव्यवस्था में उत्पादन में कितनी वृद्धि हुई है:

  1. 5%
  2. 7% — सही उत्तर
  3. 4%
  4. 6%
स्पष्टीकरण:

अर्थव्यवस्था में 'उत्पादन में वृद्धि' का मतलब वास्तविक विकास दर (Real Growth) से होता है। जब हमें महंगाई और कुल वृद्धि (Nominal Growth) दी गई हो, तो हम वास्तविक वृद्धि इस तरह निकालते हैं:

सूत्र: वास्तविक विकास दर = नाममात्र विकास दर - महंगाई दर

यहाँ प्रश्न में दिया गया है:

  • GNP में कुल वृद्धि = 16%
  • महंगाई (Inflation) = 9%

तो, वास्तविक उत्पादन वृद्धि होगी: $16\% - 9\% = 7\%$.

📚 About this Topic — General Awareness

This multiple choice question is from General Awareness, General Awareness (2024), General Awareness (2024)-6, SSC CGL Tier-1 (PYQs). It has 4 options with a detailed explanation of the correct answer and is available in both English and Hindi (द्विभाषी). Practice more MCQs from General Awareness to strengthen your preparation.

Author Avatar
Anvi Classes

Anvi classes for Current Affairs, GK, and General Studies MCQs. Prepare for UPSC, SSC, and other competitive exams with our comprehensive quizzes.