Question 17
In 2024, the Nominal GDP of a country increased by 10%, while the Real GDP remained constant. This implies:
Production increased by 10%.
Prices increased by 10%.
Both prices and production increased by 5%.
The GDP deflator decreased.
In 2024, the Nominal GDP of a country increased by 10%, while the Real GDP remained constant. This implies:
Production increased by 10%.
Prices increased by 10%.
Both prices and production increased by 5%.
The GDP deflator decreased.
Correct answer
Prices increased by 10%.
Question 17 of 25 in the IIT Madras BS Corporate Finance (Corporate Finance) Quiz 1 paper sat on 15 Mar 2026, in the January 2026 term (Corporate Finance 15 Mar 26). It carries 4 marks.