Question 06 (General Aptitude)
Fiscal deficit was 4% of the GDP in 2015 and that increased to 5% in 2016. If the GDP increased by 10% from 2015 to 2016, the percentage increase in the actual fiscal deficit is _______.
(A) | 37.50 |
(B) | 35.70 |
(C) | 25.00 |
(D) | 10.00 |
[Show Answer]
Write Here
Let , GDP in 2015=x
Then fiscal rate in 2015(F1)=4x/100=0.04x
GDP in 2015=1.1x
Fiscal rate in 2016(F2)=5% of 1.1x=0.055x
The percentage increase in actual fiscal deficit=
=
=
=0.375 x 100
=37.5 (Ans)