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If a country’s nominal GDP is constant, then which of the following statements about it would be correct?

Q: Answer-If a country&rsquo;s nominal GDP is constant, then which of the following statements about it would...

RealpercapitaGDP RealGDPPopulation where, RealGDP NominalGDPPrceIndex So, if the prices are falling, then real per capita GDP can rise inspite of population growth.

A It is impossible for the real per capita GDP to rise in such circumstances.

B The real per capita GDP can rise if and only if the country’s population is shrinking and prices are falling.

C For the real per capita GDP to rise, it is sufficient that the price level should decline.

D It is possible for the real per capita GDP to rise even if the country’s population is increasing

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If a country’s nominal GDP is constant, then which of the following statements about it would be correct?

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