# When Nominal Gross Domestic Product (GDP) is ₹ 840 Crores and price index is 120, then the Real Gross Domestic Product (GDP) will be ____

When Nominal Gross Domestic Product (GDP) is ₹ 840 Crores and price index is 120, then the Real Gross Domestic Product (GDP) will be ____.

(a) ₹ 700 crores

(b) ₹ 900 crores

(c) ₹ 800 crores

(d) ₹ 500 crores

Anurag Pathak Changed status to publish December 22, 2023

Ans – (a)

Solution:-

Real Gross Domestic Product = Nominal Gros Domestic Product/Price Index × 100

Real Gross Domestic Product = ₹ 840/₹ 120 × 100

Real Gross Domestic Product = ₹ 700 Crores

Anurag Pathak Changed status to publish December 14, 2023