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प्रश्न
If real income is Rs 400 and price index is 105, calculate nominal 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
`400="Nominal income"/105xx100`
`"Nominal income"=(400xx105)/100= 420 `Rs.
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