The base year for WPI was changed from
2013-14
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.
Rent paid on 1st October, 2014 for the year upto 30th September, 2015 was Rs. 1,200 and rent paid on 1st October, 2015 for the year up to 30th September, 2016 was Rs. 1,600. Find the rent payable as shown in the profit and loss account for the year ended 31st December.