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Suppose 1990-91 is the base year and GDP for 1999-2000 is Rs. 6, 00,000 crores and the price index for this year is 300.
Thus, Real GDP for 1999-2000 = Rs. 6, 00,000 x 100/300 = Rs. 2, 00,000 crores
(E) GDP Deflator:
GDP deflator is an index of price changes of goods and services included in GDP. It is a price index which is calculated
Thus, Real GDP for 1999-2000 = Rs. 6, 00,000 x 100/300 = Rs. 2, 00,000 crores
(E) GDP Deflator:
GDP deflator is an index of price changes of goods and services included in GDP. It is a price index which is calculated
Abhinav245:
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