Indian Institute of Foreign Trade 2008 Solved Paper
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Question : 116 of 150
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I. The economy’s performance in expenditure terms was even poorer with real GDP contracting by 0.6% after a gain of 0.5% in the October-December quarter.
II. On an output basis—the government’s preferred measure because it is less volatile thin expenditure based GDP—the economy contracted by 0.3% in real terms from the previous quarter.
III. Data from Statistics New Zealand, a government agency, published on June 27th show an almost uniformly abysmal economic performance in January-March 2008.
IV. This was the first contraction since late 2005, made worse by the fact that the previous quarter’s growth rate was revised down from 1% to 0.8%.
II. On an output basis—the government’s preferred measure because it is less volatile thin expenditure based GDP—the economy contracted by 0.3% in real terms from the previous quarter.
III. Data from Statistics New Zealand, a government agency, published on June 27th show an almost uniformly abysmal economic performance in January-March 2008.
IV. This was the first contraction since late 2005, made worse by the fact that the previous quarter’s growth rate was revised down from 1% to 0.8%.
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