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प्रश्न
Suppose only one Good ‘X' is produced in the country. Output of ‘Good X during 2018 and 2019 were 100 units and 110 units respectively. The market price of the product during the two years was ₹ 50 and ₹ 55 per unit respectively.
Calculate the percentage change in Real Gross Domestic Product (GDP) in year 2019, using 2018 as the base year.
उत्तर
| Year | Output produced (units) | Current Year Prices | Nominal GDP = Current year Output × Current year prices | Real GDP = Current year output × Base year price |
| 2018 | 100 | 50 | 100 × 50 = 5,000 | 100 × 50 = 5,000 |
| 2019 | 110 | 55 | 110 × 55 = 6,050 | 110 × 50 = 5,500 |
Change in Real GDP = 5,500 - 5,000 = 500
% Change in Real GDP = `"Change in Real GDP"/"Initial Real GDP"xx100 `
= `500/ (5,000) xx 100` = 10%
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