If Japanese prices decreased each year from 1990 to 2013, and 2009 was the base year, then

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"If Japanese prices decreased each year from 1990 to 2013, and 2009 was the base year, then Japan's nominal GDP should have been less than real GDP in each year." Is this statement true or false? Explain.

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Managing in a Global Economy Demystifying International Macroeconomics

ISBN: 978-1285055428

2nd edition

Authors: John E. Marthinsen

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Question Posted: Mar 09, 2016 06:44 AM

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If Japanese prices decreased each year from 1990 to 2013, and 2009 was the base year, then

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False For all years before the base year ie 2009 nominal GDP woul...View the full answer

Managing in a Global Economy Demystifying International Macroeconomics

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