Economy, asked by dabbiru9782, 11 months ago

If Real income is Rs.400 and Price Index is 105,calculate Nominal Income.

Answers

Answered by RAKSHIT3105

4

real income = national income

-------------------------- ×100

Prime Index of the year

400= nominal income

-------------------------- × 100

105

nomimal income = 400 × 105

------------------- = ₹ 420

100

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