CBSE 2016 Class 12 Economics Outside Delhi Set-1

Question : 6 of 19

Marks: +1, -0

Assuming real income to be

₹ 200

crore and price index to be 135 , calculate nominal income.

Solution:

Real income

=₹ 200

crores
Price index

=135

Let the base year's price index be 100
Nominal Income

=

\;\text " Real income "\;=\;\text " (Nominal income "\; ÷

\;\text " Price index of current year "\;)

X

Price index of base year.

200=\;\text " (Nominal income "\;+135 \;\text " ) "\; ×100

Nominal Income

=(200 \×135) \÷100

=27000 \÷100

=₹ 270 \crores.

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