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CBSE 2015 Class 12 Economics Outside Delhi Set-2

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SECTION-B
(Macro-economics)
If the Real GDP is ₹ 500\text{₹ 500} and Price Index (base =100=100 ) is 125, calculate the Nominal GDP.
Solution:  
 Real GDP = Nominal GDP  Price Index ×100\text{ Real GDP } = \frac{ \text{ Nominal GDP } }{ \text{ Price Index } } \times 100
500= Nominal GDP 125×100500 = \frac{ \text{ Nominal GDP } }{ 125 } \times 100
or, Nominal GDP =₹ 625= \text{₹ 625}
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