Nominal GDP is determined by current market prices. Real GDP, conversely, accounts for price level fluctuations (inflation or deflation). For instance, if Nominal GDP rises from Rs. 500 crore to Rs. 600 crore with a 10% inflation rate, the Real GDP growth will be Rs. 40 crore, representing the Rs. 100 crore increase minus Rs. 60 crore attributed to inflation.
Identify the incorrect feature(s) of money supply (\(M_1\)) from the following:
(i) It is measured at a point of time.
(ii) It does not include stock of money held by the government.
(iii) It is always the currency in the hands of the Central Bank of a nation.