If Real GDP=600 and nominal GDP=660,find GDP deflator (price index).
GDP deflator (Price index)=Nominal GDPReal GDP×100
It shows increase in the general price level by 10%.
Find nominal GDP if real GDP=240 and price index=120.
If the Real GDP is Rs 520 and Nominal GDP is Rs 650, calculate the Price Index (base=100).
If Real GDP is Rs 200 and Price Index (with base = 100) is 110, calculate Nominal GDP.