Under what circumstances could real GDP for a given year be greater than GDP for that same

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Under what circumstances could real GDP for a given year be greater than GDP for that same year? For example, if 2015 were the base year and 2016 were the current year, how could real GDP in 2016 exceed GDP for 2016?

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Economics

ISBN: 9780078021800

11th Edition

Authors: Stephen Slavin

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Question Posted: Nov 26, 2015 01:41 AM

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Under what circumstances could real GDP for a given year be greater than GDP for that same

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Lets say GDP was 10000 in 2015 and there was no increas...View the full answer

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