Respuesta :
Answer:
The correct answer is option (a).
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the GDP price index by using following formula:
GDP Price index = (Nominal GDP ÷ Real GDP) × 100
Where, Nominal GDP = 10 × $2 + 30 × $3 + 5 × $1
= $20 + $90 + $5
= $115
And, Real GDP = 10 × $1 + 30 × $1 + 5 × $1
= $45
By putting the value, we get
GDP price index = ( $115 ÷ 45 ) × 100
= 2.5556 × 100
= 255.56
The GDP price index in the current year is 255.5.
The GDP price index is the ratio of nominal GDP to real GDP. It is used to determine the inflation rate in an economy.
GDP price index = (Nominal GDP / Real GDP) x 100
Nominal GDP is GDP calculated using the current prices in an economy
Nominal GDP = (10 x $2) + (30 x $3) + (5 x $1)
$20 + $90 + 5 = $115
Real GDP is GDP calculated using base year prices in an economy
Real GDP = (10 x $1) + (30 x $1) + (5 x $1)
$10 + $30 + $5 = $45
GDP price index = ($115 / $45) x 100
= 255.5
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