National Income and Related Aggregates-Real and Nominal GDP (CBSE Class-12 Economics): Questions 1 - 2 of 2

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Question number: 1

» National Income and Related Aggregates » Real and Nominal GDP

One Liner Question▾

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Give the meaning of Nominal GDP and Real GDP. Which of these is the indicator of economic welfare?

Question number: 2

» National Income and Related Aggregates » Stocks and Flows

» National Income and Related Aggregates » Types of Goods

» National Income and Related Aggregates » Real and Nominal GDP

Short Answer Question▾

Write in Short

State whether the following statements are true or false. Give reasons for your answer:

(a) Capital formation is a flow.

(b) Bread is always a consumer good.

(c) Nominal GDP can never be less than Real GDP.

(d) Gross domestic capital formation is always greater than gross fixed capital formation.

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