Real GDP is always larger than real GDP per capita. State true or false.
Real GDP per capita = Real GDPPopulation. Therefore the given statement is true.
Both nominal and real GDP increase with the rise in the price level. State true or false.
Jobless growth occurs when GDP growth is 'technology driven' rather than 'employment driven'. State True or False.
Voluntary work at an NGO is a part of GDP. State true or false.
Second-hand cars are not accounted for in the GDP. State true or false.