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What is the value of real GDP if nominal GDP is Rs.3300 crores and GDP deflator is 150.

Solution

Correct Option: 1

Real GDP is calculated as Real GDP=Nominal GDPGDP Deflator×100=3300150×100=2200\text{Real GDP} = \frac{\text{Nominal GDP}}{\text{GDP Deflator}} \times 100 = \frac{3300}{150} \times 100 = 2200 crores.

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