Consider the following statements -
1. India's GDP at current prices is among the top three countries, but not among the top 100 countries in terms of GDP per capita.
2. Nominal GDP allows for a more direct comparison of economic productivity and living standards between countries.
3. Nominal and Real GDP are always equal.
Which of the above statement(s) is/are correct?
1
1 only
2
2 only
3
1 and 2
4
1 and 3
5
None of the above