Nominal GDP (2001) uses current year prices: 110×15=1650.
Real GDP (2001) uses base year (2000) prices: 110×10=1100.
Suppose a country only produces bread. In the year 2000 it had produced 100 units of bread, price was Rs. 10 per bread. In 2001, the same country produced 110 units of bread at price was Rs. 15 per bread. In 2001, the nominal and real GDP are : (base year is 2000)
Verified 13 Jul 2026.
Rs. 1,550 and Rs. 1,000
Rs. 1,400 and Rs. 2,000
Rs. 1,650 and Rs. 1,100
Rs. 1,500 and Rs. 1,000
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