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t is possible for the nominal GDP to be lower for a given year than the real GDP. For example, if a country's real GDP
t is possible for the nominal GDP to be lower for a given year than the real GDP. For example, if a country's real GDP in 2023 is $100,000,000, we know the country's nominal GDP in 2023 can be something less than $100,000,000. Group of answer choices True False
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
