Keeping output constant nominal GDP increases because. Option 1: Prices increase Option 2: Prices decrease Option 3: Output decrease Option 4: Prices increase and output increase

The answer is 'Prices increase'. View full solution:

CUET Economics - Keeping output constant nominal GDP increases because. | PYQs + Solutions

CUET Economics 2023 29 May Shift 2

Macro

Easy

Prices increase

Prices decrease

Output decrease

Prices increase and output increase

✅ Correct Option: 1

Related questions:

14 May Shift 1

There are two firms in an economy. Firm A gives Rs. 20 to the workers as wages, and keeps the remaining 30 as its profits. Similarly, firm B gives 60 as wages and keeps 90 as profits. Calculate GDP?

Rs. 200
Rs. 120
Rs. 50
Rs. 150

30 May Shift 1

What will be the GDP by Income Method in crore ?

	Firm A	Firm B
Wages	20	60
Profits	30	90

28 May Shift 2

If the value of nominal GDP is Rs 5500 and of real GDP is Rs 2200, what is the value of GDP Deflator ?

CUET Economics 2023 29 May Shift 2 PYQs

Keyboard Shortcuts