For an economy which consist of single automobile maker and that...

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For an economy which consist of single automobile maker and that in year 2014, 30,000 vehicles are produced with an average price of Rs. 5 lakh. For this economy what would be the increase in the nominal GDP for 2015 compared with 2014 with the 4% greater automobile production and 8% inflation.

A. 4.0%

B. 12.0%

C. 6.0%

D. 12.32%

Answer: Option D

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