Q
If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?
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A
A. Must have fallen
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B
B. Must have risen
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C
C. Must have stayed the same
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D
D. May have risen fallen, or stayed the same because there is not enough information to determine what happened to real output
Correct Answer:
D. D. May have risen fallen, or stayed the same because there is not enough information to determine what happened to real output
