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If Real GDP Was $800 Billion in 2011 and $850

Question 52

Multiple Choice

If real GDP was $800 billion in 2011 and $850 billion in 2012,what likely occurred from 2011 to 2012?


A) Total production of output increased.
B) Either total production rose, or there was inflation, or both.
C) The economy experienced inflation.
D) The value of intermediate production increased.

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