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12th Class Economics Solved Paper - Economics 2016 Outside Delhi Set-I

  • question_answer
    Assuming real income to be Rs. 200 crore and price index to be 135, calculated nominal income.

    Answer:

                Real income = Rs. 200 crores
                Price index =135
    Let the base year?s price index be 100
                Nominal Income =?
                Real income = (Nominal income \[\] Price index of current year)
    X Price index of base year.
                200 = (Nominal income \[\div \] 135) \[\times \]100
                Nominal Income \[=(200\times ~135)\div ~100\]
                                        \[=27000\div ~100\]
                                        = Rs. 270 crores.


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