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    Exam 6: Introduction to Macroeconomics and Gross Domestic Product
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    A Country's Nominal GDP Has Declined Over the Last Year
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A Country's Nominal GDP Has Declined Over the Last Year

Question 101

Question 101

Essay

A country's nominal GDP has declined over the last year.Are the people in the country necessarily worse off,on average? Please explain.

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The people are not necessarily worse off...

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