FREE Trial S

Under what circumstances could real GDP for a given year be greater than GDP for that same

Question:

Under what circumstances could real GDP for a given year be greater than GDP for that same year? For example, if 2015 were the base year and 2016 were the current year, how could real GDP in 2016 exceed GDP for 2016?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (QA)
answer-question-section
Answered By
tutor-profile-image
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional. Since 2012 I am providing home tutions.
3.30+ 2+ Reviews 10+ Question Solved
Related Book For  book-img-for-question
Economics

Economics

ISBN: 125375

10th Edition

Authors: Stephen Slavin

See More Books
Question Posted:
See More Questions