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In the base year in a small island macroeconomy, nominal gdp was $400m. in a later year when the general level of all prices was twice as high, nominal gdp reached $1000m. between the base year and the later year: ( there can be multiple answers) -real gdp declined -there was real gdp growth by more than 100% - inflation occurred - there was real gdp growth but by less than 100%

What are your academic resolutions for 2019? what plans do you have to yourself accomplish those goals?

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