CBSE 2020 Class 12 Economics Delhi Set 1

Question : 11

Total: 46

When Nominal Gross Domestic Product (GDP) is ₹840 crores and price index is 120 , then the Real Gross Domestic Product (GDP) will be .......... .
(Fill up the blank with correct alternative).

₹700 crores
₹900 crores
₹ 800 crores
₹500 crores

Solution:

Nominal Gross Domestic Product =₹840 crores
Price index =120
Real Gross Domestic product = ?
Price index =‌

‌ Nominal Gross Domestic Product ‌

‌ Real Gross Domestic Product ‌

×100
‌120=‌

840

‌ Real Gross Domestic Product ‌

×100
Real Gross Domestic Product =‌

840

120

×100
Real Gross Domestic Product =₹700‌ crores ‌
‌‌ (a) ‌₹700‌ crores ‌

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