Advertisements
Advertisements
Question
Assuming real income to be Rs 200 crore and price index to be 135, calculate nominal income.
Advertisements
Solution
`"Real Income =""Nominal Income"/"Price Index of Current Year"xx"Price Index of Base Year"`
Consider, Price Index of base year as 100
`200="Nominal Income"/135xx100`
∴ Nominal Income = Rs 270 crore
shaalaa.com
Is there an error in this question or solution?
