CBSE BOARD XII, asked by jaanvi793211, 1 month ago

Does a 10 percent rise in real gdp in a given year means that people on a average is 10 percent better off as compared to the last year. Why or why not . Give reason

Answers

Answered by sharmasunil244376
1

Answer:

apna no de do uske baad answer de dunga

Answered by ajaykumarprajapati19
1

Answer:

An increase in nominal GDP may just mean prices have increased, while an increase in real GDP definitely means output increased. ... With this index, changes in the average price level (inflation or deflation) can be calculated between years.

Similar questions