The correct answer is (a) 2011-2012.
The base year is the year that is used as a reference point for measuring economic growth. The GDP series is a measure of the total value of goods and services produced in a country. The base year is important because it allows for comparisons of economic growth over time.
The new GDP series was released in 2015. The base year for the new series is 2011-2012. This means that all economic data from 2011-2012 is used as a reference point for measuring economic growth.
The previous GDP series was based on the base year 2004-2005. The new GDP series is more comprehensive and includes more data. It is also more accurate and reliable.
The new GDP series is used by the government, businesses, and other organizations to make decisions about economic policy. It is also used by the media to report on economic growth.
The following are the options of the question:
(a) 2011-2012: This is the correct answer. The base year for the new GDP series is 2011-2012.
(b) 2010-2011: This is not the correct answer. The base year for the new GDP series is 2011-2012.
(c) 2008-2009: This is not the correct answer. The base year for the new GDP series is 2011-2012.
(d) 2007-2008: This is not the correct answer. The base year for the new GDP series is 2011-2012.