PT

Question 1

GDP growth rate at _ is _ lowest in _

Answer 1

Constant Prices, 4.7, 7 years

Question 2

In terms of_ growth India lost the tag of fastest growing economy to_

Answer 2

Quarterly, China

Question 3

Investment rate in the economy is measured in

Answer 3

Gross fixed Capital Formation as a percent of GDP

Question 4

GCFC

Answer 4

Net investment which measures the net increase in fixed capital

Question 5

GCFC is_ of calculating GDP

Answer 5

A component of the expenditure method

Question 6

There is a_ in savings rate from _ in 2011 to _ in 2018 because of the _ in _ of both _ and_

Answer 6

Decline, 32.7 to 29.3, because decline in the wage rate of both rural and urban wages.

Question 7

Total Factor Productivity=

Answer 7

Total Output (eg. GDP)/ weighted avg of inputs( labour and capital)

Question 8

Higher TFP means

Answer 8

higher growth with the same set of labour and capital

Question 9

TFP is consistently declining. True/ False

Answer 9

false. comparatively declined. 3.5 in 2016, 1.6% in 2017, 2.4% in 2018

Question 10

GDP methodology revised in_ with base year change from_ for capturing the unorganised sector data from NSSO’s EUS of 2011-2012

Answer 10

2015, 2004-05 to 2011-12