Is It Possible for Nominal GDP to Increase While Real

question 278

Essay

Is it possible for nominal GDP to increase while real GDP does not change?

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Definitions:

Reinventing Government

A movement or approach aimed at improving governmental efficiency, innovation, and responsiveness to citizens' needs through strategies such as privatization, decentralization, and technology use.

Cost-benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieve benefits while preserving savings.

Mission

A statement or vision that defines the fundamental purpose or goal of an organization or individual.