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If Real Gdp is Rs 200 and Price Index (With Base = 100) is 110, Calculate Nominal Gdp - Economics

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Question

If Real GDP is Rs 200 and Price Index (with base = 100) is 110, calculate Nominal GDP

Solution

Real GDP = Nominal GDPPrice Index of Current Yea×100

200=Nominal GDP110×100

Nominal GDP = 200100×110=220

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Gross and Net Domestic Product (GDP and NDP)
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2014-2015 (March) Delhi Set 1

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