Macroeconomics: National Income Accounting · Class 12 · CBSE · Commerce Economics
A country's nominal GDP is ₹660 crore and its GDP deflator is 120, with the base year deflator equal to 100. What is the real GDP at base-year prices?
Practice question from Macroeconomics: National Income Accounting (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
hard · MCQ · Q-9B1E8C
A country's nominal GDP is ₹660 crore and its GDP deflator is 120, with the base year deflator equal to 100. What is the real GDP at base-year prices?
- A.₹528 crore
- B.₹550 croreCorrect answer
- C.₹660 crore
- D.₹792 crore
Solution
The GDP deflator is calculated as . Hence, real GDP = crore.
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