When Nominal Gross Domestic Product (GDP) is ₹ 850 crores and price index is 170, Real Gross Domestic product (GDP) will be ____.
Fill in the Blank:
When Nominal Gross Domestic Product (GDP) is ₹ 850 crores and price index is 170, Real Gross Domestic product (GDP) will be ____.
Anurag Pathak Changed status to publish December 10, 2023
When Nominal Gross Domestic Product (GDP) is ₹ 850 crores and price index is 170, Real Gross Domestic product (GDP) will be ₹ 500 Crores.
Solution:-
Real Gross Domestic Product = Nominal Gross Domestic Product/Price index × 100
Real Gross Domestic Product = 850/170 × 100
Real Gross Domestic Product = ₹ 500 Crores
Anurag Pathak Changed status to publish December 10, 2023
