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Suppose that an economy experienced steady inflation from 2010 to 2019. Let the base year be 2015. Then, for this economy, in 2016 Real GDP

Suppose that an economy experienced steady inflation from 2010 to 2019. Let the base year be 2015. Then, for this economy, in 2016

Real GDP equals Nominal GDP.

Real GDP is greater than Nominal GDP.

Real GDP is less than Nominal GDP.

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