Question

______ is the output at base-year prices.

विकल्प

• Nominal GDP

• Real GDP

• National GDP

• None of the Above

Answer 1

Real GDP is the output at base-year prices.

Explanation:

When all producing units in a country's domestic territory produce goods and services during an accounting year and value them at base year prices or constant prices, it is referred to as real GDP or GDP at constant prices.