UPSC Principle and Vice Principle GK/GS Basic Economic Concepts and Structure of the Indian Economy Part - 1

Real GDP differs from nominal GDP because real GDP is adjusted for

Type: MCQ • Marks: 1

A. Interest rates only

B. Price changes

C. Population only

D. Exports only

Explanation

Real GDP removes the effect of price changes to measure volume of output.

UPSC Principal & Vice Principal GK/GS

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