CBSE BOARD XII, asked by singhtapaswani54, 8 months ago

What is the difference between nominal GDP and Real GDP? Give the formula for the
computation of Real GDP from nominalGDP
.

Answers

Answered by viditu356

2

Answer:

real GDP :- it means GDP at constant prices

nominal GDP :- it means GDP at current prices

real GDP = GDP at current year prices/current price index × 100

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