If GDP increases,

Name: If GDP increases,
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Question

If GDP increases,

Quizplus · Accepted Answer

Real GDP adjusts for inflation, so if nominal GDP increases, real GDP could increase, decrease, or remain the same depending on how prices have changed. If prices have increased faster than nominal GDP, real GDP could decrease; if prices have increased slower than nominal GDP, real GDP could increase; if prices have remained constant, real GDP would increase at the same rate as nominal GDP.

If GDP Increases