Check sibling questions

Estimate the value of Nominal Gross Domestic Product for a hypothetical economy, the value of Real Gross Domestic Product and Price Index are given as ₹500 crores and 125 respectively.

(3 Marks)


Real GDP= Nominal GDP/Price Index × 100

500=Nominal GDP/125×100

=500×125/100=Nominal GDP

Nominal GDP =₹ 625 crores                                                  


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Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years and a teacher from the past 17 years. He teaches Science, Economics, Accounting and English at Teachoo