Nominal GDP in Nowhereland in 2018 and 2019 is as follows: NGDP 2018 GDP 2019 $4 trillion
Question:
Nominal GDP in Nowhereland in 2018 and 2019 is as follows:
NGDP 2018 | GDP 2019 |
$4 trillion | 4.8 trillion |
Can you say that the production of goods and services in Nowhereland has increased between 2018 and 2019? Why or why not?
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One cannot say that production has increased in Nowhereland from 201...View the full answer
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