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Historically, Nominal GDP in the United States Has Been Increasing

Question 25

Multiple Choice
Historically, nominal GDP in the United States has been increasing faster than real GDP because

Historically, nominal GDP in the United States has been increasing faster than real GDP because


A) technology has been increasing, resulting in more efficient production.
B) the general price level has been decreasing.
C) indirect business taxes have been increasing.
D) the general price level has been increasing.
E) total output in the economy has been decreasing.

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