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
