Use following information of an imaginary country :

(i) For which year is real GDP and nominal GDP same and why ?
(ii) Calculate Real GDP for the given years. Is there any year for which Real GDP falls ?

Use following information of an imaginary country : {:("Year",2014-2015,2015-2016,2016-2017),("Nominal GDP"," "6.5," "8.4," "9),("GDP Deflator"," "100," "140," "125):} (i) For which year is real GDP and nominal GDP same and why ? (ii) Calculate Real GDP for the given years. Is there any year for which Real GDP falls ?

If the Real GDP is Rs. 300 and Nominal GDP is Rs. 330, calculate Price Index (base=100).