Explain how nominal and real gdp will compare to each

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Question: Assume that 2011 prices are used in the calculation of real GDP in an economy. Assume also that this economy has negative inflation between 2011 and 2012. Explain how nominal and real GDP will compare to each other in 2011 and 2012 (rGDP2011 vs nGDP2011, and rGDP2012

Reference no: EM133377015

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