CBSE 2015 Class 12 Economics Outside Delhi Set-1 | Question 6

CBSE 2015 Class 12 Economics Outside Delhi Set-1

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Question : 6

Total: 18

If the Real GDP is ₹400 and Nominal GDP is ₹450 , calculate the Price Index (base =100 ).

Solution:

We know,
‌ Real GDP ‌‌=‌

‌ No minal GDP ‌

‌ Price Index ‌

×100
400‌=‌

450

‌ Price Index ‌

×100
‌ Price Index ‌‌=‌

450

400

×100=112.50

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