Nominal GDP is calculated using a constant set of prices from a base year.
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Q138: If nominal GDP increased during a year,
Q139: GDP is equal to GNP plus depreciation.
Q140: Explain why real GDP is a more
Q141: Depreciation is included in Gross National Product
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Q145: Because GDP ignores most transactions that do
Q146: A U.S. fast- food chain opens a
Q147: If the economy is experiencing inflation, then
Q148: If the economy is experiencing inflation, then
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