If real GDP has decreased, which of the following statements is always true? a. Nominal GDP is lower than in the previous year b. Nominal GDP is higher than in the previous year C. The deflator is lower than in the previous year d. Nominal GDP might have decreased if inflation was positive The amount of good and services produced is lower than in the previous year Rising prices led to falling output е. 1.

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A:

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Q: Hi, can someone help me with the last two questions, please?   thank you.

A: Note-  Since you have asked the last two parts so I am answering the last two parts only.

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A: Formula Used:

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A: a.

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