CBSE 2015 Class 12 Economics Outside Delhi Set-2

Question : 1 of 3

Marks: +1, -0

SECTION-B

(Macro-economics)

If the Real GDP is

₹ 500

and Price Index (base

=100

) is 125, calculate the Nominal GDP.

Solution:

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

500\;=\;{\;\text " Nominal GDP "\;}/{125} × 100

or, Nominal GDP

=₹ 625

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