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Suppose that price level has risen in the past year, but production of goods and services has remained constant. Nominal GDP has ______, and real GDP has ______. A) increased; not changed B )increased;
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Suppose that price level has risen in the past year, but production of goods and services has remained constant. Nominal GDP has ______, and real GDP has ______.

A) increased; not changed


B )increased; increased


C )decreased; increased


D) decreased; decreased

User Bhassel
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2 Answers

9 votes

Answer:

increased; not changed

Step-by-step explanation:

The Nominal GDP changes with inflation while the Real GDP does not.

User Bert Goethals
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9 votes
Decreased; increased
User Useless Intern
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5.2k points
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