Assuming that inflation has occurred over time, what is the relationship between nominal GDP and real GDP

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Assuming that inflation has occurred over time, what is the relationship between nominal GDP and real GDP in each of the following situations?
a. In the years after the base year
b. In the base year
c. In the years before the base year

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:32 AM

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Assuming that inflation has occurred over time, what is the relationship between nominal GDP and real GDP

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a Nominal GDP is grea...View the full answer

Economics

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