BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3-4%
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2-3%
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1-3%
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4-5%
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Detailed explanation-1: -The ideal GDP growth rate is between 2% and 3%. The GDP growth rate measures how healthy the economy is. When the number is positive, the economy is growing.
Detailed explanation-2: -The RBI had projected the real GDP growth for 2022-23 at 6.8 per cent, with the third quarter at 4.4 per cent and the fourth at 4.2 per cent. India’s economy is expected to grow 7.0% in the current financial year, according to the first advance estimates by the National Statistical Office (NSO) released on Friday.
Detailed explanation-3: -What is the rate of real output growth per capita between Years 3 and 4? . 82% (Hint: Use per capita data in the output growth rate formula.)
Detailed explanation-4: -Annual growth rate of real Gross Domestic Product (GDP) per capita is calculated as the percentage change in the real GDP per capita between two consecutive years. Real GDP per capita is calculated by dividing GDP at constant prices by the population of a country or area.