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If Nominal GDP in 2012 Was Less Than Real GDP

Question 39

Multiple Choice

If nominal GDP in 2012 was less than real GDP in 2012,we know for certain that


A) the price level in 2012 was greater than the price level in the base year.
B) real GDP in 2012 was greater than real GDP in the base year.
C) the price level in 2012 was less than the price level in the base year.
D) real GDP in 2012 was less than real GDP in the base year.

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