If the Nominal GDP is Rs 600 and price index (base 100) is 120 calcula – InterviewSolution

InterviewSolution

1.	If the Nominal GDP is Rs 600 and price index (base 100) is 120 calculate the real GDP.
Answer» Price Index `=("Nominal GDP")/("Real GDP")xx100" "rArr" "120=(Rs 600)/("Real GDP")xx100` `120xx"Real GDP"=600xx100` Real `GDP=(600xx100)/(120)= Rs 500`

Discussion

No Comment Found

Related InterviewSolutions

Which of the following willl be included in National Income ?A. Sale of bonds by a companyB. Transport expenses by a firmC. Interest on loan paid by households to banksD. None of these
Calculate Gross National Disposable Income from the following data :
Fro the following following data calculate national income by (a) Income method (b) Expenditure method :
Calculate National income and from the following data :
Calculate national income from the following data :
Calculate National income from the following data :
From the following data, calculate "Gross value added at factor cost".
Find gross value added at market price :
(a) Describe value added method. (b) What is double counting ? Name the methods to avoid it.
How should the following be treated in estimating national income of a country ? Give reasons. Addition to stocks during a year.