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l. Nominal GDP in a year is always larger than real GDP in the same year if there is inflation. ll. The quantities produced of

l. Nominal GDP in a year is always larger than real GDP in the same year if there is inflation. ll. The quantities produced of nominal GDP in a year and the quantities produced of real GDP in the same year are always the same A. Statement l. is TRUE and Statement ll. is TRUE. B. Statement l. is TRUE and Statement ll. is FALSE. C. Statement l. is FALSE and Statement ll. is TRUE. D. Statement l. is FALSE and Statement ll. is FALSE

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