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CBSE 2015 Class 12 Economics Delhi Set-1

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Question : 6 of 19
Marks: +1, -0
If Real GDP is ₹ 200 and Price Index (with base =100=100 ) is 110 , calculate Nominal GDP.
Solution:  
We know,
Real GDP=Nominal GDPPrice Incex of Current Year\text{Real GDP} = \frac{\text{Nominal GDP}}{\text{Price Incex of Current Year}} ×100\times 100
200=Nominal GDP110×100200 = \frac{\text{Nominal GDP}}{110} \times 100
Nominal GDP =₹220=\text{₹}220
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