macroeconomics

Question

If the nominal GDP is Rs.600 and price index(base=100) is 120, calculate the Real GDP.

in progress 0
Studies Lakshita 6 years 1 Answer 362 views Bronze 0

Answer ( 1 )

  1. kritika Silver
    0
    June 4, 2019 at 5:10 pm

    Given, Nominal CDP = 60
    pi=120
    real gdp=?
    real gdp= nominal/p.i*100
    600/120*100

    real gdp =500

Leave an answer

Browse

Captcha Click on image to update the captcha .

About LakshitaBronze