Home
Class 14
GENERAL KNOWLEDGE
Which one of the following statements is...

Which one of the following statements is not correct?

A

Real GDP is calculated by valuing outputs of different years at common prices.

B

Potential GDP is the real GDP that the economy would produce if its resources were fully employed.

C

Nominal GDP is calculated by valuing outputs of different years at constant prices.

D

Real GDP per capita is the ratio of real GDP divided by population.

Text Solution

Verified by Experts

Promotional Banner