GK
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.
Detailed explanation-2: -Hence, if the real GDP rises from 3% to 4%, the time to double decreases from 23.3 years to 17.5 years.
Detailed explanation-3: -The Q3 growth rate stood at 4.4%, according to the data released. New Delhi: India’s GDP (gross domestic product) may grow 7 per cent for financial year 2022-23, according to the second advance estimates released by the government today.
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.