Real GDP may increase without any increase in the quantity of output in the economy

353 viewsDecember 11, 2023National Income and related aggregates

Anurag Pathak25.51K December 11, 2023 0 Comments

True of False with Reasons:

Real GDP may increase without any increase in the quantity of output in the economy.

Anurag Pathak Changed status to publish December 11, 2023

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Anurag Pathak25.51K Posted December 11, 2023 0 Comments

False,

Real GDP will increase only when there is an increase in the quantity of output in the economy as Real GDP is measured at constant prices (base Year Prices)

Anurag Pathak Changed status to publish December 11, 2023

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