Instructions
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.
*per capita GDP is arrived by dividing GDP by population.
Question 27
What is the ratio of the current account balance in 2010 to the current account balance in 2005?
Solution
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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