Could next year’s real gdp exceed next year’s nominal gdp

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Reference no: EM131430995

Answer these questions about GDP:

a. Could next year's real GDP exceed next year's nominal GDP?

b. Could real GDP grow at the same time that real GDP per capita falls?

c. Could people's real consumption possibilities expand at the same time that real GDP per capita falls? d. How does changing amounts of leisure complicate comparisons of real well-being over time?

Reference no: EM131430995

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