If Real GDP is ₹ 200 and Price Index (with base =100 ) is ...

CBSE 2015 Class 12 Economics Delhi Set-1

Question : 6 of 19

Marks: +1, -0

If Real GDP is ₹ 200 and Price Index (with base =100 ) is 110 , calculate Nominal GDP.

Solution:

We know,
‌ Real GDP ‌‌=‌

‌ Nominal GDP ‌

‌ Price Incex of Current Year ‌

×100
200‌=‌

‌ Nominal GDP ‌

110

×100
Nominal GDP =₹220

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