Question

If Real GDP = 400 and Price Index = 50 then what will be tge value of Nominal GDP?​

Answer 1

$\bf\underline{Given :-}$

Real GDP = 400

Price Index = 50

Nominal GDP = ?

$\bf\blue {Formula :-}$

$Nominal \:GDP = \frac{Real \:GDP \times Price \:Index}{100}$

Nominal GDP = $\frac{400 \times 50}{100} = 200$

$\boxed {Nominal \:GDP = 200}$ $\bf\green {(Answer)}$