CBSE 2015 Class 12 Economics Outside Delhi Set-3

Question : 1 of 3

Marks: +1, -0

SECTION-B

(Macro-economics)

If the Nominal GDP is

₹ 600

and Price Index (base

=100

) is 120, calculate the Real GDP.

Solution:

We know,

\;\text " Real GDP "\;\;

=\;{\;\text " No min al GDP "\;}/{\;\text " Price Index of current year "\;}

× 100

\;=\;{600}/{120} × 100=₹ 500

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