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Assume that an economy's actual output increased from one year to the next, and it also had inflation. Which of the following statements is correct?
Assume that an economy's actual output increased from one year to the next, and it also had inflation. Which of the following statements is correct? The economy's real GDP increased, and its nominal GDP also increased. The economy's real GDP decreased, but more information is needed to know what happened to its nominal GDP. O The economy's real GDP decreased, and its nominal GDP decreased, The economy's real GDP increased, but its nominal GDP decreased
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