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प्रश्न
Suppose only one Good ‘X' is produced in the country. Output of ‘Good X' during 2018 & 2019 were 100 units & 120 units respectively. ‘The market price of the product during the two, years was 50 & 260 per unit respectively.
Calculate the percentage change in Real Gross Domestic Product (GDP) in year 2019, using 2018 as the base year.
बेरीज
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उत्तर
| Year | Output Produced (units) | Current Year Prices | Nominal GDP = Current year output × Current year prices | Real GDP = Current year output × Base year price |
| 2018 | 100 | 50 | 100 × 50 = 5,000 | 100 × 50 = 5,000 |
| 2019 | 120 | 60 | 120 × 60 = 7,200 | 120 × 50 = 6,000 |
Change in Real GDP = 6,000 - 5,000 = 1,000
% Change in Real GDP = `"Change in Real GDP"/"Initial Real GDP"xx100`
= `(1,000)/(5,000)xx100` = 20%
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