CBSE 2015 Class 12 Economics Delhi Set-3

Question : 1

Total: 3

SECTION-B

(Macro-economics)

If the Real GDP is ₹300 and Nominal GDP is ₹330, calculate Price Index (base=100 ).

Solution:

We know,
Real GDP =

Nominal‌GDP

‌ Price Index of Current year ‌

×100
300=‌

330

‌ Price Index ‌

×100
‌ Price Index ‌=₹110

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