Short Answer Type Questions:
If the Nominal $G D P$ is $R s .1, 200$ and Price Index (with base $= 100$ ) is $120$ , calculate Real $G D P$ .

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Solution

Real GDP is $\frac{N o m i n a l G D P}{P r i c e I n d e x} \times 100$
Real $G D P = R s . 1000$

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