Gate EE-2014-3 Question Paper With Solutions

Q. 8 The Gross Domestic Product (GDP) in Rupees grew at 7% during 2012-2013.
For international comparison, the GDP is compared in US Dollars (USD) after
conversion based on the market exchange rate. During the period 2012-2013 the
exchange rate for the USD increased from Rs. 50/ USD to Rs. 60/USD. India’a
GDP in USD during the period 2012-2013.

(A) increased by 5%

(B) decreased by 13%

(C) decreased by 20%

(D) decreased by 11%

Answer:(D)

Explanation: