Change in base year pushed up economic growth rate
Q. A change in base year for computing national accounts pushed up the economic growth rate for 2013-14 to ____percent, while earlier estimate on the basis of old series was 4.7 percent.- Published on 23 Jan 15a. 5.5%
b. 5.1%
c. 6.5%
d. 6.9%
ANSWER: 6.9%
These changes follow a revision in the base for calculating national accounts to 2011-12 from 2004-05.