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A Country Reported a Nominal GDP of $85 Billion in 2020

Question 109

Multiple Choice

A country reported a nominal GDP of $85 billion in 2020 and $100 billion in 2019 and reported a GDP deflator of 100 in 2020 and 105 in 2019. What happened to real output and prices from 2019 to 2020?


A) Real output and prices both rose.
B) Real output rose and prices fell.
C) Real output and prices both fell.
D) Real output fell and prices rose.

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