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CBSE 2015 Class 12 Economics Delhi Set-3

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SECTION-B
(Macro-economics)
If the Real GDP is ₹ 300\text{₹ 300} and Nominal GDP is ₹ 330\text{₹ 330}, calculate Price Index (base=100\text{(base}=100 ).
Solution:  
We know,
Real GDP = Nominal GDPPrice Index of Current year×100\frac{\text{Nominal GDP}}{\text{Price Index of Current year}} \times 100
300=330Price Index×100300 = \frac{330}{\text{Price Index}} \times 100
Price Index=₹ 110\text{Price Index} = \text{₹ 110}
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