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Which of the following is true if prices of all the goods and services in an economy incre

Which of the following is true if prices of all the goods and services in an economy increase in a year?


[A]Real GDP will increase
[B]Nominal GDP will increase
[C]Real GDP will increase more than nominal GDP
[D]Real GDP will fall in proportion to the increase in prices

Jan 12 2018 View more View Less

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