Only one product X is produced in the country Its output during the year 2012 and 2013 was 100 - Economics - Government Budget and the Economy

Question

Only one product X is produced in the country Its output during the
year 2012 and 2013 was 100 units and 110 units respectively The
market price of the product during the year as Rs 50 and Rs 55 per
unit respectively Calculate the percentage change in real GDP and
nominal GDP in the year 2013 using 2012 as base year

Simran Sagar · Answer

Gdp will be 390
N solve ot on ur own