CBSE 2015 Class 12 Economics Outside Delhi Set-2 | Question 1

CBSE 2015 Class 12 Economics Outside Delhi Set-2

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Question : 1

Total: 3

SECTION-B

(Macro-economics)

If the Real GDP is ₹500 and Price Index (base =100 ) is 125, calculate the Nominal GDP.

Solution:

‌ Real GDP ‌‌=‌

‌ Nominal GDP ‌

‌ Price Index ‌

×100
500‌=‌

‌ Nominal GDP ‌

125

×100
or, Nominal GDP =₹625

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