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Question

If the Real GDP is Rs 520 and Nominal GDP is Rs 650, calculate the Price Index (base=100).


A

150

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B

135

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C

125

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D

80

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Solution

The correct option is C

125


Real GDP=Nominal GDP×100Price Index

Or, Price Index=Nominal GDPReal GDP×100

=650520×100=125

Price Index=125.


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