12th Class Economics Solved Paper - Economics 2015 Outside Delhi Set-III

  • question_answer If the Nominal GDP is Rs. 600 and Price Index base = 100) is 120, calculate the Real GDP.

    Answer:

    We know,
                \[\text{Real}\,\,\text{GDP=}\frac{\text{Nominal}\,\,\text{GDP}}{\text{Price}\,\,\text{Index}\,\,\text{of}\,\,\text{current}\,\,\text{year}}\,\,\times \,\,\text{100}\]
                            \[=\frac{600}{120}\,\,\times \,\,100=\,\,Rs\,\,500\]


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