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Year 1 2 3 4 5 6 Price Index 100 95 105 125 125 120 Refer to the table. If output increases by 8 percent
Year 1 2 3 4 5 6 Price Index 100 95 105 125 125 120 Refer to the table. If output increases by 8 percent from Year 5 to Year 6, then in that period, nominal GDP will decrease. real GDP will rise slower than nominal GDP. real GDP will decrease. real GDP will rise faster than nominal GDP
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