CBSE 2015 Class 12 Economics Delhi Set-2

Question : 1

Total: 3

SECTION-B

(Macro-economics)

If the Nominal GDP is ₹1,200 and Price Index (with base =100 ) is 120, calculate Real GDP.

Solution:

‌ Real GDP ‌=‌

‌ Nominal GDP ‌

‌ Price Index ‌

×100
substituting the given values in the question
‌ Real GDP ‌=‌

1200

120

×100
or, ‌‌ Real GDP =₹1000

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