If Nominal GDP Rises from $550 Billion to $600 Billion,then

question 81

Multiple Choice

If nominal GDP rises from $550 billion to $600 billion,then

• A)The economy has definitely experienced economic growth.
• B)The economy has definitely not experienced economic growth.
• C)The economy has definitely experienced inflation.
• D)It is not possible to determine if the economy has experienced economic growth or inflation.

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