Find the real GDP if nominal GDP = 720 and price index = 120.

CA Foundation · Business Economics · PYQS · January 2025
Find the real GDP if nominal GDP = 720 and price index = 120.
(A) A. 864
(B) B. 500
(C) C. 600
(D) D. 700

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 600

Topics: Determination of National Income

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