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Suppose in Year 1 a country produces (just) three backpacks, which sell for $30 each and one hundred pens, which sell for $0.50 each. In

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Suppose in Year 1 a country produces (just) three backpacks, which sell for $30 each and one hundred pens, which sell for $0.50 each. In Year 2, the country produces (just) two backpacks, which sell for $40 each and sixty pens, which sell for $1 each. The backpack and pens are identical between the two years. From Year 1 to Year 2, O a. nominal GDP rises and real GDP rises O b. nominal GDP rises and real GDP falls O c. nominal GDP falls and real GDP rises O d. nominal GDP stays the same and real GDP falls O e. nominal GDP falls and real GDP falls A Moving to another question will save this response. Question 26 of 33

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