GATE (GA) Textile 2019 Question Paper Solution | GATE/2019/GA/06

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 _______.

Answer / Solution

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=\frac{F_2-F_1}{F_1}\times 100

=\frac{0.055x-0.04x}{0.04x}\times 100

=\frac{0.015x}{0.04x}\times 100

=0.375 x 100

=37.5 (Ans)

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