CBSE 2020 Class 12 Economics Delhi Set 1

Question : 11 of 46

Marks: +1, -0

When Nominal Gross Domestic Product (GDP) is

₹ 840

crores and price index is 120 , then the Real Gross Domestic Product (GDP) will be .......... .
(Fill up the blank with correct alternative).

Solution:

Nominal Gross Domestic Product

=₹ 840

crores
Price index

=120

Real Gross Domestic product = ?
Price index

=\;{\;\text " Nominal Gross Domestic Product "\;}/{\;\text " Real Gross Domestic Product "\;}

× 100

\;120=\;{840}/{\;\text " Real Gross Domestic Product "\;}

× 100

Real Gross Domestic Product

=\;{840}/{120} × 100

Real Gross Domestic Product

=\₹ 700 \;\text " crores "\;

\;\;\text " (a) "\; \₹ 700 \;\text " crores "\;

Go to Question:

Prev Question

Next Question