To calculate real GDP for each year,the value of goods and services is measured in the actual prices of each year.
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Q110: Sustained increases in total output are possible
Q111: Ceteris paribus,if the labor force becomes more
Q112: When an economy moves from a point
Q113: Real GDP,not nominal GDP,is used to measure
Q114: When living standards rise because of an
Q116: Nominal GDP is the total value of
Q117: An increase in nominal GDP means that
Q118: GDP per capita measures worker productivity.
Q119: If growth in output exceeds growth in
Q120: There is an inverse relationship between the
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