state gov Maharashtra Talathi (तलाठी भरती) Mock Test 2023 General Knowledge Economy National Income Accounting
What is the relation between nominal GDP and real GDP in a country with positive inflation during a fiscal year?
1
Real GDP is always less than nominal GDP.
2
Real GDP is always more than nominal GDP.
3
Real GDP may be more or less depending on inflation level.
4
Real GDP does not depend on inflation level