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Mathematics, 17.09.2019 05:00 Kangarue27

If the price level is increasing at 4% and output is increasing at 5%, then
a.) real gdp is increasing faster than nominal gdp
b.) nominal gdp is increasing faster that real gdp
c.) nominal gdp is increasing at 20%
d.) none of these choices are correct

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Answers: 1

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If the price level is increasing at 4% and output is increasing at 5%, then
a.) real gdp is in...
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