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If Real GDP and the GDP Deflator Both Rise, Then

question 61

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If real GDP and the GDP deflator both rise, then it must be that nominal GDP rose.


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Social Entrepreneur

An individual who starts innovative businesses with the aim to solve social problems and improve society, often with a focus on sustainability and social justice.

Overseas Workers

Individuals who are employed in a country other than their home country, often seeking better employment opportunities or higher wages.

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The act of creating, managing, and growing a new business venture to generate profit while taking on significant financial risks.

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Large companies that operate in various industries, characterized by their substantial market share, extensive operations, and significant influence over the market.

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