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1. According to the final estimate for fourth quarter 2022 GDP for the United States economy, did the nominal GDP or real GDP increase by
1. According to the final estimate for fourth quarter 2022 GDP for the United States economy, did the nominal GDP or real GDP increase by a larger amount? Explain why this measure increased more than the other 2. Between February 2022 and February 2023, did the CPI or core CPI experience a higher growth rate? Explain what would cause this measure to grow by a larger amount than the other measure.
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