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A country makes only wheat: 90 quintals now at Rs 30, base year price Rs 25. Nominal GDP is
ARs 2,250
BRs 3,000
CRs 2,700
DRs 2,400
Answer & Solution
Correct answer: C. Rs 2,700
Nominal GDP is output times current price, 90 times 30 or Rs 2,700.
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