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Answer on Macroeconomics Question for teri ewalt

Question #3097
If the quantity of final goods and services produced within a country decreased could real GDP increase/decrease? <br>Could nominal GDP increase/decrease and if so how?
Expert's answer
Quantity of final goods and services produced within a country effects on GDP. If quantity decreased and influence of change of prices not exaggerated influence of change of quantity then nominal GDP declined. If quantity decreased and influence of change of prices exaggerated influence of change of quantity then nominal GDP increased. And conversely.
If quantity decreased then real GDP declined. If quantity increased then real GDP increased too.

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