When output is falling but GDP is rising, prices must be rising sharply to offset the fall in output. Since Nominal GDP uses current prices, it can increase due to price rise even when real output declines.
If output in an economy is decreasing but G.D.P. of country is increasing which G.D.P. it is:
CUET UG 2023 — Economics Macro
2023mcqmedium
If output in an economy is decreasing but G.D.P. of country is increasing which G.D.P. it is:
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Real G.D.P.
- B
Domestic Income
- C
G.D.P. at Constant Price
- D
Nominal G.D.P.
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