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Nominal GDP can never be less …

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Nominal GDP can never be less than real GDP. Is it true or false giving reason.

Posted by Nancy Ahuja 7 years, 3 months ago

CBSE > Class 12 > Economics

2 answers

Payal Singh 7 years, 3 months ago

This is False Statement. Nominal GDP can be less than real GDP, if prices in the current year are less than the prices in the base yea

0Thank You

Naveen Sharma 7 years, 3 months ago

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

1Thank You

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