# 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