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    Macroeconomics Study Set 48
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    Exam 7: GDP and the CPI: Tracking the Macroeconomy
  5. Question
    If Nominal GDP Increases from One Year to the Next
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If Nominal GDP Increases from One Year to the Next

Question 8

Question 8

Multiple Choice

If nominal GDP increases from one year to the next, _____ must have risen.


A) prices
B) real GDP
C) prices and real GDP
D) real GDP or prices or both

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