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If Canada's real GDP rises and the Canada's GDP price index has increased: Multiple Choice the percentage increase in nominal GDP must have been less
If Canada's real GDP rises and the Canada's GDP price index has increased:
Multiple Choice
- the percentage increase in nominal GDP must have been less than the percentage increase in the price level.
- nominal GDP must have fallen.
- the GDP deflator must have increased.
- nominal GDP must have increased.
- nominal GDP may have either increased or decreased.
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