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A country made 110 breads in 2001, and bread cost Rs 10 in base year 2000. What is real GDP in 2001?
ARs 1,100
BRs 1,500
CRs 1,000
DRs 1,650
Answer & Solution
Correct answer: A. Rs 1,100
Real GDP applies base-year prices to current output, so 110 times Rs 10 equals Rs 1,100.
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