Is it possible for economic growth to decline between 2016 and 2017 even though nominal GDP has

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Is it possible for economic growth to decline between 2016 and 2017 even though nominal GDP has increased from 1.2 trillion to 1.35 trillion respectively? Justify your answer with numerical calculation.

Posted Date: Jun 12, 2024 01:04 PM

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Is it possible for economic growth to decline between 2016 and 2017 even though nominal GDP has

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