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If the Real GDP is Rs.400 and Nominal GDP is Rs.450, calculate the Price Index (base = 100).

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If the Real GDP is Rs.400 and Nominal GDP is Rs.450, calculate the Price Index (base = 100).
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We know,
Real GDP = `("No minal GDP")/("Price Index")xx100`
`400=(450)/("Price Index")xx100`
Price Index `= (450)/(400)xx100=112.50`
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