CBSE 2015 Class 12 Economics Outside Delhi Set-1

Question : 6 of 18

Marks: +1, -0

If the Real GDP is

₹ 400

and Nominal GDP is

₹ 450

, calculate the Price Index (base

=100

Solution:

We know,

\;\text " Real GDP "\;\;=\;{\;\text " No minal GDP "\;}/{\;\text " Price Index "\;} × 100

400\;=\;{450}/{\;\text " Price Index "\;} × 100

\;\text " Price Index "\;\;=\;{450}/{400} × 100=112.50

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