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CBSE 2015 Class 12 Economics Outside Delhi Set-3

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SECTION-B
(Macro-economics)
If the Nominal GDP is ₹600\text{₹} 600 and Price Index (base =100=100 ) is 120, calculate the Real GDP.
Solution:  
We know,
   Real GDP     \; \text{ Real GDP } \;\; =   No min al GDP      Price Index of current year   = \frac{\; \text{ No min al GDP } \;}{\; \text{ Price Index of current year } \;} ×100\times 100
  =600120×100=₹500\; = \frac{600}{120} \times 100 = \text{₹} 500
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