मराठी

Given nominal income to be Rs 375 and price index 125, calculate real income. - Economics

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प्रश्न

Given nominal income to be Rs 375 and price index 125, calculate real income.

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उत्तर

`"Real Income"="Nominal Income"/"Price Index of Current Year"xx"Price Index of Base Year"`

Consider Price Index of base year as 100

`"Real Income"=375/125xx100`

= Rs 300

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