Nominal GDP and GDP at current prices

Real GDP and GDP at constant prices

The base period and the reference period

Changes in real GDP and the GDP deflator

Rs.625 billion in year 1 and Rs.560 billion in year 2.

Rs.625 billion in year 1 and Rs.700 billion in year 2

Rs.500 billion in year 1 and Rs.560 billion in year 2

Rs.500 billion in year 1 and Rs.700 billion in year 2

If real GDP falls in one quarter compared with the quarter before

If real GDP falls for two consecutive quarters

If real GDP falls in one year compared with the year before

If real GDP falls for two consecutive years

People aged 60 who have retired early

Full-time students who do not have paid employment

People who have chosen to care for their families or homes rather than seek paid employment

People who have lost their jobs because of the recession and cannot at present find another job

Unemployed people aged 16-17 who have left school

Unemployed people aged 60 or more

People who work part-time but want to work full-time

Unemployed people who have not worked long enough to be entitled to Job-Seekers’ Allowance