CBSE 2015 Class 12 Economics Outside Delhi Set-3

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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