If nominal GDP rose, does that mean that production had to increase as well? Why or why

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If nominal GDP rose, does that mean that production had to increase as well? Why or why not? What about if real GDP increased? Why is it important to use real GDP when comparing changes over time?

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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Question Posted: Feb 20, 2024 01:01 AM

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If nominal GDP rose, does that mean that production had to increase as well? Why or why

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If nominal GDP rose it does not necessarily mean that production had to increase as well This is bec...View the full answer

Principles Of Economics

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