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CBSE 2016 Class 12 Economics Outside Delhi Set-1

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Question : 6 of 19
Marks: +1, -0
Assuming real income to be ₹200\text{₹} 200 crore and price index to be 135 , calculate nominal income.
Solution:  
Real income =₹200= \text{₹} 200 crores
Price index =135= 135
Let the base year's price index be 100
Nominal Income == ?
 Real income = (Nominal income ÷\text{ Real income } = \text{ (Nominal income } \div  Price index of current year )\text{ Price index of current year })
XX Price index of base year.
200= (Nominal income +135 ) ×100200 = \text{ (Nominal income } +135 \text{ ) } \times 100
Nominal Income =(200×135)÷100= (200 \times 135) \div 100
=27000÷100= 27000 \div 100
=₹270 crores.= \text{₹} 270 \text{ crores.}
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