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A country reported a nominal GDP of $115 billion in 2020 and $125 billion in 2019 and reported a GDP deflator of 85 in 2020 and 100 in 2019. What happened to real output and prices from 2019 to 2020?
Innovation Process
A sequence of activities involving the generation, development, and implementation of new ideas or technologies.
Feasibility Studies
Investigations into the practicality, viability, and potential success of a proposed project or system.
Prototypes
Early samples, models, or releases of a product built to test a concept or process or to act as a thing to be replicated or learned from.
Process Innovations
Involve new or improved ways of manufacturing the product or providing the service.
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