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Assume nominal GDP increased by 4.2% in the U. but by only 3.4% in Germany. We can definitely conclude that a. The standard of living of the people...
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7.

Assume nominal GDP increased by 4.2% in the U.S. but by only 3.4% in Germany. We can definitely conclude thatA) the standard of living of the people in the U.S. went up more than the standard of living of

the people in GermanyB) real economic growth in the U.S. was higher than in GermanyC) inflation in the U.S. was 0.8% higher than in GermanyD) productivity growth in the U.S. was higher than in GermanyE) none of the above
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Subject: Business, Economics

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