Calculate the value of Real GDP for the year 2023.

₹2,000

The correct answer is Option (2) → ₹2,000

To calculate the Real GDP for a year, you must multiply the output of that year by the prices of a base year. In this case, the base year is 2022.

• Real GDP = (Output in 2023) $\times$ (Market Price in 2022)

• Real GDP = 200 units $\times$ ₹10

• Real GDP = ₹2,000