According to a report, unemployment rate in India reached 27.1% in the month of May 2020 due to recession. Identify from the following what monetary measures central bank will take to solve this problem of recession? a. Increase cash reserve ratio b. Decrease the bank rate c. Decrease the tax d. Increase the government spending Suppose the nominal GDP of a county is recorded as OMR 7000 in 2017 and OMR 8200 in 2018. Calculate the percentage change in nominal GDP during this period. a. 17% b.18% c. 16.9% d. 17.14% In UAE, it was reported that for 2011, CPI inflation changed from 8.6% to 11.3%. What this statement indicates? a. Cost of living has decreased b. Standard of living has improved c. Cost of living has increased d. None of the options Which of the following is considered as economic indicator for a country? a. Education b. Health expenditure c. Unemployment d. Life expectancy Which of the following is true statement? a. None of the options b. GDP is always higher than GNP C. GDP is always less than GNP d. GDP is always equal to GNP