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CBSE 2015 Class 12 Economics Delhi Set-2

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SECTION-B
(Macro-economics)
If the Nominal GDP is ₹ 1,200\text{₹ 1,200} and Price Index (with base =100=100 ) is 120, calculate Real GDP.
Solution:  
 Real GDP = Nominal GDP  Price Index ×100\text{ Real GDP } = \frac{\text{ Nominal GDP }}{\text{ Price Index }} \times 100
substituting the given values in the question
 Real GDP =1200120×100\text{ Real GDP } = \frac{1200}{120} \times 100
or,     \;\; Real GDP =₹ 1000=\text{₹ 1000}
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