"GDP was expected to be 100 crores in the year 2015-2016". This statement is a/an statement.
Statement A: GDP was expected to be 100 crores in a year.
Statement B: The actual GDP turns out to be 60 crores only.
Identify the right option.
Only one product D is produced in the country. Its output during the year 2014 and 2015 was 200 and 220 units respectively. The market price of the product during the year was Rs 100 and Rs 110 per unit respectively. Calculate the percentage change in real GDP and nominal GDP in year 2015 using 2014 as the base year.