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CBSE 2020 Class 12 Economics Delhi Set 1

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Question : 11 of 46
Marks: +1, -0
When Nominal Gross Domestic Product (GDP) is ₹840\text{₹} 840 crores and price index is 120 , then the Real Gross Domestic Product (GDP) will be .......... .
(Fill up the blank with correct alternative).
Solution:  
Nominal Gross Domestic Product =₹840=\text{₹} 840 crores
Price index =120=120
Real Gross Domestic product = ?
Price index =Nominal Gross Domestic ProductReal Gross Domestic Product=\frac{\text{Nominal Gross Domestic Product}}{\text{Real Gross Domestic Product}} ×100\times 100
120=840Real Gross Domestic Product120 = \frac{840}{\text{Real Gross Domestic Product}} ×100\times 100
Real Gross Domestic Product =840120×100= \frac{840}{120} \times 100
Real Gross Domestic Product =₹700 crores= \text{₹} 700 \text{ crores}
 (a) ₹700 crores\text{ (a) } \text{₹} 700 \text{ crores}
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