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Econ 102 Exam Review Questions and Answers 100% Solved
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Econ 102 Exam Review Questions and Answers 100% Solved The difference between nominal and real GDP is: a) Real GDP adjusts for inflation b) nominal GDP measures actual productivity c)real GDP excludes imports and exports d) nominal GDP adjusts for inflation ️️a) real GDP adjusts for inflation GDP is: A. the sum of all currency and coins in circulation. B. the value of all final goods and services produced by a government. C. the value of all final good and services produced anywhere in the world by a nation's firms. D. the value of all final goods and services produced domestically. ️️d) the value of all finals goods and services produced domestically
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