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Which of the following situation is true about the real and nominal GDP? -Real and nominal GDP both are calculated using current year prices. -Real

Which of the following situation is true about the real and nominal GDP?

-Real and nominal GDP both are calculated using current year prices.

-Real and nominal GDP both are calculated using base year prices.

- Real GDP is calculated using base year prices while nominal GDP is calculated at current year prices.

-Real GDP is calculated using current year prices while nominal GDP is calculated at base year prices.

-Real GDP is always less than nominal GDP.

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