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A Problem of Interpreting Nominal GDP Is That

Question 34

Multiple Choice

A problem of interpreting nominal GDP is that:


A) an increase in nominal GDP can be caused by changes in either price or quantity.
B) it does not measure changes in employment.
C) it does not measure changes in price.
D) it does not include net exports.
E) it does not include the value obtained through purchases of stocks and bonds.

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