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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If nominal GDP rose it does not necessarily mean that production had to increase as well This is bec...View the full answer
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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