1.
Given below are a few data points on the Indian economy from 2005 to 2010:
*per capita GDP is arrived by dividing GDP by population.
What is the ratio of the current account balance in 2010 to the current account balance in 2005?
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By: anil on 05 May 2019 02.37 am
Current account balance = Current account balance percentage of GDP*GDP
Current account balance in 2010 = 3.268% of 73555.34 = 2403.7885
Current account balance in 2005 = 1.272% of 35662.2 = 453.623
Ratio = 2403.7885/453.623 = 5.3 (approximately).
Therefore, option E is the right answer.
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Current account balance in 2010 = 3.268% of 73555.34 = 2403.7885
Current account balance in 2005 = 1.272% of 35662.2 = 453.623
Ratio = 2403.7885/453.623 = 5.3 (approximately).
Therefore, option E is the right answer.