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Question 6 2 pts The nominal GDP can be lower for a given year than the real GDP. For example, if the real GDP in 2019 for a
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Answer #1

Answer: True

Yes, this is possible during the years when the deflation occurs. Due to deflation, the price of products will be lesser and during such cases, nominal GDP is lesser than the real GDP. Nominal GDP is not adjusted with the inflation or deflation but the real GDP is adjusted with the inflation or deflation.

The price levels are to be compared to that of its base year and if the price levels fall below, then the real GDP can be higher and nominal GDP can be lesser.

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