Nominal GDP can never be less than Real GDP

539 viewsDecember 11, 2023National Income and related aggregates

Anurag Pathak28.60K December 11, 2023 0 Comments

True or False with Reasons

Nominal GDP can never be less than Real GDP.

Anurag Pathak Changed status to publish December 11, 2023

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Anurag Pathak28.60K Posted December 11, 2023 0 Comments

False,

Nominal GDP can be less than real GDP, if prices in the current year are less than the prices in the base year.

Anurag Pathak Changed status to publish December 11, 2023

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