Nominal GDP increases from year 1 to year 2. Therefore: a.) We produced more goods and services
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Question:
Nominal GDP increases from year 1 to year 2. Therefore:
a.) We produced more goods and services in year 1
b.) We produced more goods and services in year 2
c.) It is not possible to determine in which year we produced a greater quantity of goods and services
Related Book For
Fundamentals of Physics
ISBN: 978-0471758013
8th Extended edition
Authors: Jearl Walker, Halliday Resnick
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