Q.18 If the quantity of each of the goods and services produced in an economy decreases from 2010 to 2011, then which of the following is true? (1) The real GDP must decrease from 2010 to 2011. (ii) The real GDP may increase, decrease or remain unchanged from 2010 to 2011. (iii) The nominal GDP must decrease from 2010 to 2011. (iv) The nominal GDP may increase, decrease or remain unchanged from 2010 to 2011. A. (i) only B. (ii) only C. (ii) only D. (i) and (iv) only. E. (ii) and (iv) only.

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Q.18 If the quantity of each of the goods and services produced in an economy decreases from 2010
to 2011, then which of the following is true?
(i) The real GDP must decrease from 2010 to 2011.
(ii) The real GDP may increase, decrease or remain unchanged from 2010 to 2011.
(iii) The nominal GDP must decrease from 2010 to 2011.
(iv) The nominal GDP may increase, decrease or remain unchanged from 2010 to 2011.
A. (i) only
B. (ii) only
C. i) only
D. (i) and (iv) only.
E. (ii) and (iv) only.
Transcribed Image Text:Q.18 If the quantity of each of the goods and services produced in an economy decreases from 2010 to 2011, then which of the following is true? (i) The real GDP must decrease from 2010 to 2011. (ii) The real GDP may increase, decrease or remain unchanged from 2010 to 2011. (iii) The nominal GDP must decrease from 2010 to 2011. (iv) The nominal GDP may increase, decrease or remain unchanged from 2010 to 2011. A. (i) only B. (ii) only C. i) only D. (i) and (iv) only. E. (ii) and (iv) only.
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