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19-12-2022
Business

Answered

If a country reported a nominal GDP of 85 billion in 2019 and 100 billion in 2018 and reported a GDP deflator of 100 in 2019 and of 105 in 2018, then from 2018 to 2019
a. real output rose and prices fell
b. real output and prices both rose
c. real output and prices both fell
d. real output fell and prices rose

Answer :

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