If nominal GDP of a country increased and real GDP remained unchanged in a particular year, which of the following is most likely to have taken place?

Question

Quizplus · Accepted Answer

Since real GDP remained unchanged while nominal GDP increased, it indicates that the quantity of goods and services produced (output) stayed the same, but the prices of those goods and services increased. Real GDP is adjusted for inflation and reflects the volume of production, while nominal GDP is not adjusted and can increase if prices increase, even if the output doesn't change.

If Nominal GDP of a Country Increased and Real GDP