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A country makes 110 breads priced at Rs 15 each in 2001. What is its nominal GDP in 2001?
ARs 1,650
BRs 1,000
CRs 1,500
DRs 1,100
Answer & Solution
Correct answer: A. Rs 1,650
Nominal GDP uses current prices, so 110 times Rs 15 equals Rs 1,650.
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