Question

What leads to fall in real gdp and nominal gdp in india?

Answer 1

Real GDP is equal to the economic output adjusted for the effects of inflation.Nominal GDP is economic output without the inflation adjustment. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.

MARK IT AS BRAINLIST PLZZ

Answer 2

"$\large \green{ \fcolorbox{gray}{black}{ ☑ \: \textbf{Verified \: answer}}}$

above answer is correct

KnOw more :-

GDP stands for Gross Domestic Product.

• It is the sum total of all final goods and services produced in a country during a particular year. It shows how big the economy is.

GDP = C + I + G + (X – M)

where

• C = private consumption
• I = gross investment
• G = government investment + government spending
• X = exports
• M = imports