CBSE 2015 Class 12 Economics Delhi Set-2

Question : 1 of 3

Marks: +1, -0

SECTION-B

(Macro-economics)

If the Nominal GDP is

₹ 1,200

and Price Index (with base

=100

) is 120, calculate Real GDP.

Solution:

\;\text " Real GDP "\;=\;{\;\text " Nominal GDP "\;}/{\;\text " Price Index "\;} × 100

substituting the given values in the question

\;\text " Real GDP "\;=\;{1200}/{120} × 100

or,

\;\;

Real GDP

=₹ 1000

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