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If real GDP was $1200 billion in 2020 and $1400 billion in 2021, what likely occurred from 2020 to 2021? a. Either total production rose,
If real GDP was $1200 billion in 2020 and $1400 billion in 2021, what likely occurred from 2020 to 2021? a. Either total production rose, or there was inflation, or both. b. The economy experienced inflation. c. The value of intermediate production increased. d. Total production of output increased
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Essentials of Business Driven Information Systems
Authors: Paige Baltzan, Amy Phillips
1st edition
1260004716, 978-0073376721
