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Assume that we compute current dollar GDP for 2022Q1 and find that it rose roughly 7% from 2021Q1. But we also find that general prices

Assume that we compute current dollar GDP for 2022Q1 and find that it rose roughly 7% from 2021Q1. But we also find that general prices rose over the same period by 8%. Is the country better off, worse off, or about the same when it comes to real output? Explain.

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