Which one of the following statements is not correct ?

Question

Which one of the following statements is not correct ?​

TuteeHUB · Accepted Answer

Potential GDP is the real GDP that the economy would produce if its resources were fully employed.

TuteeHUB · Answer

Real GDP is calculated by valuing outputs of different years at common prices.

TuteeHUB · Answer

Nominal GDP is calculated by valuing outputs of different years at constant prices.

TuteeHUB · Answer

Real GDP per capita is the ratio of real GDP divided by population.

1.	Which one of the following statements is not correct ?
A.	Real GDP is calculated by valuing outputs of different years at common prices.
B.	Potential GDP is the real GDP that the economy would produce if its resources were fully employed.
C.	Nominal GDP is calculated by valuing outputs of different years at constant prices.
D.	Real GDP per capita is the ratio of real GDP divided by population.
Answer» B. Potential GDP is the real GDP that the economy would produce if its resources were fully employed.

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