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If national income accountants fail to make an adequate adjustment for increases in the quality of goods and services over time, Group of answer choices
If national income accountants fail to make an adequate adjustment for increases in the quality of goods and services over time,
Group of answer choices
increases in real GDP will understate the growth rate of real output.
increases in real GDP will overstate the growth rate of real output.
the CPI will understate the rate of inflation.
the GDP deflator will understate the rate of inflation.
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