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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.

  • 2 answers

Payal Singh 8 years, 11 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

Naveen Sharma 8 years, 11 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.

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