Question: Table 2 showing Current and Constant Price Data and Volume and Price Indices for the period 2012 - 2018 2012 2013 2014 2015 2016 2017

Table 2 showing Current and Constant Price Data and Volume and Price Indices for the period 2012 - 2018

2012

2013

2014

2015

2016

2017

2018

Current Price GDP

(USD Mn.)

164380.0

163007.8

165203.2

170317.6

167764.3

150246.6

181110.8

Constant Price GDP

(USD Mn)

2000=100

90100.0

91523.9

92708.2

95168.6

94620.5

94073.1

97420.0

CURRENT PRICES

SELECTED SECTORS

GVA - NON- ENERGY

90806.0

91500.0

95632.0

105484.0

109888.0

112312.0

112092.0

GVA- Manufacturing

12606.0

10710.0

9606.0

10870.0

9782.0

9012.0

8692.0

GVA - Distribution

28000.0

28990.0

31826.0

36214.0

38406.0

38000.0

37300.0

GVA - Other Services

50200.0

51800.0

54200.0

58400.0

61700.0

65300.0

66100.0

INDICES

Retail Price Index -All Items Index (2012=100)

100.0

120.0

118.0

122.0

141.0

135.0

140.0

Domestic Production Index - Manufacturing Sector

(2012=100)

100.0

110.0

115.0

120.0

109.0

98.0

95.0

2c. Using the data on Current Prices for Selected Sectors, prepare Constant Price Estimates of Gross Value Added (GVA) for the Manufacturing, Distribution and Other Services Sectors for the period 2012 2018.

For each year in the series 2012 - 2018

  1. Estimate, the GVA at Constant Prices [2012 = 100] for the Manufacturing Sector. Apply the method of Extrapolation, using an appropriate Volume Index.

  1. Estimate GVA at Constant Prices [2012 = 100] for the Distribution Sector by Deflating the Current Price Estimates by the All-Items Indices of the Retail Price Index.

  1. Estimate GVA at Constant Prices [2012 = 100] for the Other Services Sector by using the Implicit (GDP) Deflator rebased to 2012 = 100.

  1. Calculate the Rate of Growth in the GDP at Constant Prices between the years 2012 and 2018.

Use the Formula 1 to calculate the rate of growth

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