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Give a scenario in which nominal GDP increases but real GDP stays the same. Give a scenario in which real per capita GDP decreases but
- Give a scenario in which nominal GDP increases but real GDP stays the same.
- Give a scenario in which real per capita GDP decreases but real GDP increases.
- Give a scenario in which real per capita GDP increases but quality of life decreases. Having a higher standard of living, such as increase of goods and services, can decrease the quality of life.
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Economics
Authors: John Sloman, Jon Guest, Dean Garratt
10th edition
1292187859, 9781292187907 , 978-1292187853
