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Suppose only one Good 'X' is …

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Suppose only one Good 'X' is produced in the country. Output of 'Good X during 2018 & 2019 were 100 units & 120 units respectively. The market price of the product during the two years was 50 & 60 per unit respectively. Calculate the percentage change in Real Gross Domestic Product (GDP) in year 2019, using 2018 as the base year.

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CBSE > Class 12 > Economics

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