Assume nominal GDP increased by 4.2% in the U.S.but by only 3.4% in Germany.We can definitely conclude that
A) the standard of living of the people in the U.S. went up more than the standard of living of the people in Germany
B) real economic growth in the U.S. was higher than in Germany
C) inflation in the U.S. was 0.8% higher than in Germany
D) productivity growth in the U.S. was higher than in Germany
E) none of the above
Correct Answer:
Verified
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