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Assume the Table Has Recorded the Total Output and Prices

Question 91

Multiple Choice

Assume the table has recorded the total output and prices of the only two goods produced. Looking at the changes in real GDP and nominal GDP from 2001 to 2002, we can conclude: A) output and prices increased. B) only output increased. C) only prices increased. D) output increased, but prices decreased. Assume the table has recorded the total output and prices of the only two goods produced. Looking at the changes in real GDP and nominal GDP from 2001 to 2002, we can conclude:


A) output and prices increased.
B) only output increased.
C) only prices increased.
D) output increased, but prices decreased.

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