Economics · National Income Accounting
Assertion (A): Real GDP is a better index of economic growth than Nominal GDP. Reason (R): Nominal GDP can increase merely due to a rise in the price level even when the volume of production remains unchanged, whereas Real GDP changes only when the volume of output changes.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false but R is true
- 2A is true but R is false
- 3Both A and R are true, but R is NOT the correct explanation of A
- 4Both A and R are true, and R is the correct explanation of A✓
Correct answer
Both A and R are true, and R is the correct explanation of A
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