CBSE 2015 Class 12 Economics Delhi Set-3

Question : 1 of 3

Marks: +1, -0

SECTION-B

(Macro-economics)

If the Real GDP is

₹ 300

and Nominal GDP is

₹ 330

, calculate Price Index

(\base=100

Solution:

We know,
Real GDP =

{\Nominal \GDP} /{\;\text " Price Index of Current year "\;} × 100

300=\;{330}/{\;\text " Price Index "\;} × 100

\;\text " Price Index "\;=₹ 110 \

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