CBSE 2015 Class 12 Economics Delhi Set-1

Question : 6 of 19

Marks: +1, -0

If Real GDP is ₹ 200 and Price Index (with base

=100

) is 110 , calculate Nominal GDP.

Solution:

We know,

\;\text " Real GDP "\;\;=\;{\;\text " Nominal GDP "\;}/{\;\text " Price Incex of Current Year "\;}

× 100

200\;=\;{\;\text " Nominal GDP "\;}/{110} × 100

Nominal GDP

=₹ 220

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