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Nominal And Real Gdp...

Nominal And Real Gdp

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What is Nominal data ?

If the Nominal GDP is Rs 600 and price index (base 100) is 120 calculate the real GDP.

If the Nominal GDP is Rs. 1,200 and Price Index (with base=100) is 120, calculate Real GDP.

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