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Use following information of an imaginar...

Use following information of an imaginary country :

(i) For which year is real GDP and nominal GDP same and why ?
(ii) Calculate Real GDP for the given years. Is there any year for which Real GDP falls ?

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(i) Real GDP and Nominal GDP are same in the year 2014-15 as it is the base year.
(ii) Real GDP declined in the year 2015-16. Cause of decline could be high rate of inflation.
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