If real GDP falls from one period to another, we can conclude thatNone of these necessarily occursnominal GDP fell.prices decreased.inflation occurred.

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If real GDP falls from one period to another, we can conclude thatNone of these necessarily occursnominal GDP fell.prices decreased.inflation occurred.
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Solution 1

The statement seems to be incomplete, but I'll try to answer based on what I understand.

Real GDP (Gross Domestic Product) is the economic output of a country with inflation taken into account, while nominal GDP is not adjusted for inflation.

If real GDP falls from one period to another, it does Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

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