Advertisements
Advertisements
Question
If the Real Gross Domestic Product (GDP) in an economy is ₹ 520 crores and the Nominal Gross Domestic Product (GDP) is ₹ 650 crores, calculate the price Index.
Numerical
Advertisements
Solution
Price Index = `"Nominal GDP"/"Real GDP" xx 100`
= `650/520 xx 100`
= 125
shaalaa.com
Is there an error in this question or solution?
2019-2020 (March) Delhi Set 2
