Consider the following statements

1. Nominal GDP is the GDP measured at Constant Prices

2. Real GDP is the GDP measured at Current Prices

3. Market Price will be always greater than Factor Cost

Which of the statements given above is/are INCORRECT?

1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3 only

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