Multiple Choice Questions on If the economy is experiencing disinflation then which of the following statements will be correct 1........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

If the economy is experiencing disinflation then which of the following statements will be correct 1...........

Economic Affairs Growth and Indicators
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    If the economy is experiencing disinflation, then which of the following statements will be correct:

    1.            Nominal GDP> Real GDP

    2.            Real GDP > Nominal GDP

    Select the correct answer using the code given below:

    1 only

    Correct Answer

     2 only

    Incorrect Answer

    None of the above

    Incorrect Answer

    Both 1 and 2

    Incorrect Answer
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    Explanation:

    Disinflation means prices are increasing(but inflation is decreasing and is positive). When prices are increasing , Nominal GDP will always be greater than Real GDP. (If the current year is taken as the base year then nominal GDP= Real GDP).

    By: Kritika Kaushal
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