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If the Real Gdp is Rs400 and Nominal Gdp is Rs450, Calculate the Price Index (Base = 100). - Economics

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प्रश्न

If the Real GDP is Rs400 and Nominal GDP is Rs450, calculate the Price Index (base = 100).

उत्तर

Real GDP = `"Nominal GDP"/"Price Index of Current Year"xx100`

400 = `450/"Price Index of Current Year" xx 100`

Price Index of Current Year = 112.5

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GDP and Welfare
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2014-2015 (March) All India Set 1
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