What was the GDP at the official exchange rate in 2008 ?
-
$4.25 trillion
-
$500 trillion
-
$0.35 trillion
-
$1.21 trillion
D
Correct answer
Explanation
India's GDP at official exchange rate in 2008 was $1.21 trillion. This is lower than the PPP figure because official exchange rates don't account for India's lower domestic price levels. Options A and B are unrealistically high, while C is too low for India's economy in 2008.