If GDP increases from $10 trillion to $12 trillion in a year, it could mean that aggregate output grew by 20%, that prices increased 20%, or that prices and aggregate output both increased.

Name: If GDP increases from $10 trillion to $12 trillion in a year, it could mean that aggregate output grew by 20%, that prices increased 20%, or that prices and aggregate output both increased.
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An increase in GDP can result from an increase in aggregate output, an increase in prices, or a combination of both.

If GDP Increases from $10 Trillion to $12 Trillion in a Year