Consider the following statements in regard to the GDP of a country :(1) Real GDP is calculated by keeping inflation into consideration. (2) Nominal GDP is calculated on the basis of the prices of goods and services produced in the current year. Which of the statements given above is/are correct?

Consider the following statements in regard to the GDP of a country :(

1.	Consider the following statements in regard to the GDP of a country :(1) Real GDP is calculated by keeping inflation into consideration. (2) Nominal GDP is calculated on the basis of the prices of goods and services produced in the current year. Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	Both l and 2
D.	Nether l nor 2
Answer» D. Nether l nor 2

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