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Nominal GDP can never be less than Real GDP

486 viewsDecember 11, 2023National Income and related aggregates

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Anurag Pathak28.35K 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 Pathak28.35K 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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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.