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In comparison to the situation in the late 1970s, the United States experienced lower nominal interest rates and higher real interest rates in the late 1990s. O a. True O b. False In comparison to the situation in the late 1970s, the United States experienced lower nominal interest rates and higher real interest rates in the late 1990s. O a. True O b. False Over the last 140 years or so, on average Canada's real GDP per-person grew faster than that of the U.K. O a. True O b. False When real GDP increases, this implies that the production of goods and services has risen. O a. True O b. False Which of the following countries has had the greatest growth rate of real GDP per person within the last 10 years? O a. Bangladesh O b. Argentina O c. Germany O d. India Income rises after a charity gives poor families free livestock. The harvest that year was also particularly bountiful. The charity should take full credit for the observed increase in the standard of living. O a. True O b. False If in some year nominal GDP was $20 billion and the GDP deflator was 50, what was real GDP? O a. $10 billion O b. $100 billion O c. $40 billion O d. $2.5 billion