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Nominal GDP is Rs. 1200 and …

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Nominal GDP is Rs. 1200 and price index (with base 100) 120, calculate real GDP?

  • 2 answers

Payal Singh 7 years, 2 months ago

Ans. Real GDP = Nominal GDP *100/Price Index 

Put values 

Real GDP = 1200*100/120

=> Real GDP = 1000

Naveen Sharma 7 years, 2 months ago

Ans. We Know

Subsituting the given values,

=> 

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