CBSE 2015 Class 12 Economics Outside Delhi Set-3

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Question : 1
Total: 3
SECTION-B
(Macro-economics)

If the Nominal GDP is 600 and Price Index (base =100 ) is 120, calculate the Real GDP.
Solution:  
We know,
Real GDP =
No min al GDP
Price Index of current year
×100
=
600
120
×100
=500
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